Renova to Place RUB 3 bn Debut Bond
OREANDA-NEWS. October 29, 2010. LLC RSG Finance, an SPV of Renova StroyGroup, plans to float a RUB 3 bn debut bond issue. The bond is to mature in 3 years and has a par value of RUB 1000. According to the SPARK Issuer database as of 28 August 2010, RSG Finance belongs to Cypriot-based RSG International Ltd. Renova StroyGroup is part of Renova Group.
In accordance with the company corporate presentation, released October, the company operates in the Moscow region, Yaroslavl, Yekaterinburg, Perm, Krasnodar and Chelyabinsk.
In 2008-2010, Renova StroyGroup built nearly 700 000 sq.m of property. The company total order book exceeds 12 mn sq.m of living and commercial real-estate. Projects due to be finished in 2011-2013 total some 1.5 mn sq.m.
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