LSR Group Fully Pays the Fourth Coupon of its Second Bond Issue
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03 December 2008
OOO LSR-Invest, a 100% subsidiary of OJSC LSR Group, has fully paid the fourth coupon of its Series 01 bonds totaling RUB 102, 698, 750.
This is the second bond issue of LSR Group placed in December 2006 and worth RUB 2 billion. The total number of bonds issued was 2 million. The bond interest rate was established at 10.7% (the rate has been left unchanged in offer transitional period in June 2008)
LSR Group has now paid four coupons of Series 01 bonds in the amount of RUB 422, 798, 750.
Notes to Editors:
OJSC LSR Group is a diversified construction company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate development. The Group includes enterprises for extraction and processing of aggregates, production and transportation of building materials, and housing construction — from mass market large-panel housing to elite property built after designs made by leading domestic and foreign architects.
LSR Group has operations and offices in a number of cities in the Leningrad region, in St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany.
In 2007, the sales revenues of LSR Group (according to the IFRS-based financial statements) were US$ 1,403 million.
LSR Group is a public company, with its GDRs listed and traded on the London Stock Exchange and its shares listed and traded on MICEX and RTS.
In 2007, LSR Group was awarded ‘The Company of the Year’ National Award in the ‘Construction’ category.
For more details please contact:
Press Service, LSR Group
+7 (812) 314-1044
press@lsrgroup.ru
www.lsrgroup.ru