PJSC LSR Group (LSRG)
St. Petersburg, Russia - 04 October 2019 - PJSC LSR Group ("LSR" or the "Company") (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, today announces that it has completed the placement of RUB 7 billion of its Series 001P-04 bonds, at a coupon rate of 8.5% per annum and a maturity of 1,820 days, divided into 20 coupon payment periods.
The identification number of the issue is 4B02-04-55234-E-001P as of 2 October, 2019, ISIN: RU000A100WA8.
The Rating Agency RAEX («Expert RA») has confirmed the credit rating of LSR's Series 001P-04 bonds at ruA.
For more information please contact:
About LSR Group:
PJSC LSR Group is one of Russia's leading residential real estate developers and building materials producers. Founded in 1993, the business of LSR Group is concentrated in the three largest regions of Russia - Moscow, St. Petersburg and Yekaterinburg. The main business areas of the Company are real estate development and construction and production of building materials. LSR Group carries out projects in all segments of residential real estate market: mass market, business and elite.
In accordance with its audited IFRS consolidated financial statements for 2018, LSR Group had revenue of RUB146.4 billion, Adjusted EBITDA of RUB36.4 billion and Net Profit of RUB16.2 billion. As of 31 December 2018 (according to Knight Frank), the net sellable area of projects in LSR Group's real estate portfolio amounted to 7.8 million m2 with a market value of RUB186 billion.
Ordinary shares of the Company are traded on the Moscow Exchange (MOEX: LSRG) and GDRs representing its ordinary shares are traded on the London Stock Exchange (LSE: LSRG).
|OAM Categories:||3.1. Additional regulated information required to be disclosed under the laws of a Member State|
|EQS News ID:||885699|
|End of Announcement||EQS News Service|