LSR Group decides to bonds, Russia

LSR Group decides to bonds, Russia
01 September 2010

OJSC LSR Group has decided to place Series BO-02 certificated interest-bearing non-convertible bearer bonds of OJSC LSR Group with mandatory safekeeping in a securities depository with a total value of RUB2bn (US$64.9m).

The bonds will be placed through public subscription. The placement commencement date is 14 September 2010.

The identifying number of the issue is 4В02-02-55234-Е dated 24 November 2009. The number of bonds to be placed is 2 million with a nominal value of RUB 1,000 each.

The placement will be made via book-building. The book-building process is to start at 11.00 a.m. (Moscow time) on 1 September 2010, and to be completed at 5 p.m. (Moscow time) on 10 September 2010.

Circulation period of the bonds is 1092 days since the commencement date. The circulation period is divided into 6 coupon periods of 182 days each.

The first coupon rate will be determined by the issuer based on the book-building results, no later than one calendar day before the bonds placement commencement date. The interest rate of the second, third, fourth, fifth and sixth coupons will be equal to the first coupon rate.

The placement is conducted by OOO Uralsib Capital.
Published under Cement News