LSR Group (LSE: LSRG; MICEX-RTS: LSRG) received a notification from CJSC MICEX Stock Exchange about including Series-04 bonds of OJSC LSR Group into the Quotation list “A1”.
According to the notification, interest-bearing non-convertible bonds redeemed at the request of the owners and at the discretion of the issuer (identification number of the issue is 4-04-55234-E as of November, 2, 2011) have been included into the Quotation list A1 of the MICEX Stock Exchange.
The placement date is 26 October 2012. The total size of the issue is 5,000,000 (five million) bonds with a nominal value of RUB 1,000 each. The proceeds from the placement will be used for refinancing current credit liabilities to improve maturity of the company’s credit portfolio.
Lead managers: URALSIB Financial Corporation, Rosselkhozbank, Alfa-Bank.
Note to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction.
LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg.
As of 31 December 2011 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group’s real estate portfolio is equal to 8.4m m2 with the market value of RUB 124bn.
In 2011, the sales revenues of LSR Group were RUB 51,910m (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.
For more details please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72