Published on 9/14/2010 in the Prospect News Emerging Markets Daily.
New Issue: Russia's LSR issues RUB 2 billion 10% non-convertible bearer bonds
By Devika Patel
Knoxville, Tenn., Sept. 14 - LSR Group OJSC said it sold RUB 2 billion in series BO-02 certificated interest-bearing non-convertible bearer bonds in a public offering conducted by OOO Uralsib Capital and OJSC Sberbank.
The bonds have a coupon of 10% and mature in 1,092 days. The circulation period is divided into six coupon periods of 182 days each.
The real estate development and building materials company is based in St. Petersburg, Russia.
| Issuer: | LSR Group OJSC
|
| Issue: | Series BO-02 certificated interest-bearing non-convertible bearer bonds
|
| Amount: | RUB 2 billion
|
| Maturity: | 1,092 days
|
| Coupon: | 10%
|
| Price: | Par of RUB 1,000
|
| Yield: | 10%
|
| Warrants: | No
|
| Agents: | OOO Uralsib Capital and OJSC Sberbank
|
| Settlement date: | Sept. 14
|
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