Source - RNS
RNS Number : 1246L
28 September 2016

LSR Group Announces the Completion of Exchange-Traded Bonds Placement


LSR Group (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, announces the successful completion of exchange-traded bonds placement in amount of RUB 5 bn.



On September 28, 2016, LSR Group successfully placed exchange-traded bonds of the 001P-01 series (identification number of the issue 4B02-01-55234-E-001P as of 22.09.2016). The offering in the amount of RUB 5 bn has a maturity of 5 years, quarterly coupon payments, and the coupon rate of 10.75%, which is equivalent to yield to maturity of 11.19%. Bonds redemption is planned on the amortization scheme starting from the 12th coupon. The total demand for the offering exceeded RUB 15 bn.

Earlier, on August 10, 2016, Moody's Investor Service upgraded LSR Group's corporate family rating (CFR) from B2 to B1. The rating agency cited that the upgrade reflected company's proven track record of successfully weathering the industry cycle, leading market positions and healthy financial and liquidity profiles.

LSR Group Chief Financial Officer Andrey Nikitin comments: "The recent bond issue marks the return of LSR Group to the public debt market. High interest in our company allowed us to achieve the coupon rate below the originally announced level and form a diversified and balanced base of debt investors, including pension funds, asset managers, banks and insurance companies. This issue enabled us to reduce the cost of borrowing, and we plan to further increase the share of public debt in the capital structure of the LSR Group".

The placement was organized by Alfa Bank and Raiffeisenbank.


For more information please contact:


LSR Group Investor Relations

E-mail: [email protected] 

LSR Group Press Service
Tel.: +7 812 333 11 11
[email protected] 


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