OREANDA-NEWS. On 28 July 2008 LSR Group, one of the leading real estate developers and building materials producers in Russia (LSE: LSRG, MICEX, RTS: LSRG), announced that the date for commencing the placement of OJSC LSR Group’s bond issue of Series 02 for the amount of RUB 5 billion was determined as 7 August 2008. The decision to place the bond issue was approved by LSR’s Board of Directors. 

The number of securities issued is five million (5,000,000) bonds. The nominal value of securities issued is one thousand (1,000) roubles each. No First Option will be granted to the participants and/or other parties. The interest rates on 2nd and 3rd coupons of the bonds are stated equal to 1st coupon rate. The bond issue proceeds will be mainly used to refinance and finance investment projects.

State Registration Number 4-02-55234-E was assigned to the bond issue by the Federal Financial Markets Service on 29 May 2008.

The manager of the issue is URALSIB Financial Corporation.