LSR buys back RUB 1 billion of exchange-traded bonds due 2024

By Rebecca Melvin

New York, April 22 – Russia’s OJSC LSR Group has redeemed RUB 1 billion of its series 001P-02 exchange-traded bonds, or one-fifth of the issue as permitted by an early redemption option, according to a company news release.

The company also made its 12th coupon payment on the bond, which was issued on April 26, 2017 and matures in 2022. The coupon rate for the last payment was set at 9.65% and amounted to RUB 120.3 million, or RUB 24.06 per bond.

LSR is a real estate development, construction and building materials company based in St. Petersburg.

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