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Russia's LSR holders exercise put on RUB 469.44 million of bonds
By Toni Weeks
San Diego, Feb. 9 - Holders of RUB 469.44 million of LSR Group OJSC's RUB 5 billion series 02 bonds exercised the put option on the securities after the fifth payment period, according to a news release.
The price for the 468,812 bonds was RUB 469,440,208, which included accrued interest.
"Such a small amount of bonds called for redemption demonstrates a high creditworthiness for our company and confirms that debt investors consider LSR Group's securities as [a] safe investment," Elena Tumanova, chief financial officer of LSR Group, said in the release.
The real estate development and building materials company is based in St. Petersburg, Russia.
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