LSR Group announces bond placement, Russia

LSR Group announces bond placement, Russia
Published: 19 July 2011

Russia’s LSR Group announces the placement of interest-bearing non-convertible rouble bonds redeemed at the request of the owners and at the discretion of the issuer. The bonds will be placed through public subscription. The total size of the issue is RUB 2bn.

The placement will be conducted in the form of tender to determine the first coupon rate pursuant to the procedure established by the Resolution on securities issue and the Prospectus. The interest rate of the second, third, fourth, fifth and sixth coupons will be equal to the first coupon rate.