OREANDA-NEWS. On 19 June 2008 LSR Group, a leading real estate developer and building materials producer in, announced that, on 17 June 2008, the 2nd deadline provided for in the offer of OOO LSR-Invest Series 01 bonds was successfully passed upon the expiry of the third coupon period. No bonds were acquired as no requests were made under the offer by bond holders.

It may be noted that this is the second bond issue of LSR Group placed in 2006 for the amount of RUB 2 billion. The bond coupon rate as of the time of placement was one of the lowest for bonds issued by Russian construction companies, 10.7%.