OREANDA-NEWS. November 01, 2012. OJSC LSR Group (LSE: LSRG; MICEX-RTS: LSRG), one of the leading real estate developers and building materials producers in Russia, completed placement of its Series-04 interest-bearing non-convertible bonds with mandatory safekeeping, reported the press-centre of LSR Group.

Identification number of the issue is 4-04-55234-E as of 2 November 2011.

The size of the placed bonds is 2,800,000 (two million eight hundred thousand) with a nominal value of RUB 1,000 each. The bonds were placed by open subscription at 100% of the nominal value. Duration of the issue is 1820 days starting from the placement date with 10 interest payment periods.

The first coupon rate was set at 11.25% per annum amounting to RUB 56.10 (fifty six roubles and ten) per one bond.  The total amount of the first coupon payment is RUB 157 080 000 (one hundred fifty seven million and eighty thousand).

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.

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