LSR Group redeems its Series-02 bonds

LSR Group redeems its Series-02 bonds

OJSC LSR Group (LSE: LSRG; MICEX-RTS: LSRG), one of the leading real estate developers and building materials producers in Russia, completed buy-back of its Series-02 interest-bearing non-convertible bonds with mandatory safekeeping.

The issue identification number is 4-02-55234-E as of 29 May 2008. The bonds were bought back in accordance with the Public Offer dated September, 17, 2012.

The number of submitted bonds was 239 869 (two hundred thirty-nine thousand eight hundred sixty-nine). LSR Group decided to buy-back bonds at the price of 100.6%. The total value of the transaction was RUB 244 851 079,13 (two hundred forty-four million eight hundred fifty-one thousand seventy-nine and thirteen)including the accrued interest.

Broker: URALSIB Capital

The bond issue was placed on August, 7, 2008. The total size of the issue was 5,000,000 (five million) bonds with a nominal value of RUB 1,000 each. 

Note to Editors:OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction.LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg.As of 31 December 2011 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 8.4m m2 with the market value of RUB 124bn.In 2011, the sales revenue of LSR Group were RUB 51,910m (IFRS).LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.For more details please contact:LSR Group Press ServiceTel.: +7 812 314 10 44Fax: +7 812 458 83 72E-mail: [email protected]www.lsrgroup.ru