OREANDA-NEWS. October 26, 2012. OJSC LSR Group (LSE: LSRG; MICEX-RTS: LSRG), one of the leading real estate developers and building materials producers in Russia, announces October, 26, 2012 as the placement date of its Series-04 interest-bearing non-convertible bonds with mandatory safekeeping worth RUB 5 billion, reported the press-centre of LSR Group.    

The total size of the issue is 5,000,000 (five million) bonds with a nominal value of RUB 1,000 each.

Bond information:

Issuer: OJSC LSR Group

Series: 04

Identification number: 4-04-55234-E as of 2 November 2011 (assigned by the FFMS of Russia)

Placement date: 26 October 2012

Duration: 1820 days starting from the placement date

Interest payment periods: 10 interest payment periods of 182 days each

Lead managers: URALSIB Financial Corporation, Rosselkhozbank, Alfa-Bank

The placement will be conducted in the form of tender to determine the first coupon rate. Pre-emptive rights to purchase the securities are not provided.

The decision to place bonds was approved by the Board of Directors of LSR Group.


The proceeds from the placement will be used for refinancing current credit liabilities to improve maturity of the company’s credit portfolio.