24 Mar 2021 09:30
PJSC LSR Group (LSRG) LSR Group makes eighteenth coupon payment and redeems part of the nominal value on its Series 001P-01 bonds 24-March-2021 / 10:30 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
LSR Group makes eighteenth coupon payment and redeems part of the nominal value on its Series 001P-01 bonds
St. Petersburg, Russia - 24 March 2021 - 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 made the eighteenth coupon payment in the amount of RUB 28,602,900.32 on its non-convertible interest-bearing certified exchange-traded Series 001P-01 bearer bonds subject to mandatory centralized custody, placed under the programme of the exchange-traded bonds (hereinafter - the Exchange-traded bonds). The Company also redeemed part of the nominal value of the Exchange-traded bonds in the amount of RUB 533,636,200. The identification number of the issue is 4B02-01-55234-E-001P as of 22 September 2016 (ISIN RU000A0JWU98). The eighteenth coupon interest rate was set at 10.75% per annum and amounted to RUB 10.72 per one bond. 5,000,000 Exchange-traded bonds were placed as part of the bond issue on 28 September 2016, with a maturity of 1,820 days, divided into 20 coupon payment periods. The nominal value of one Exchange-traded bond amounted to RUB 1,000. Early redemption of the Exchange-traded bonds was provided for in the amount of 20% of the nominal value of the Exchange-traded bonds at the end of 12th, 14th, 16th, 18th and 20th coupon payment periods.
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About LSR Group: PJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials and real estate development and construction. LSR Group's main operations are located in St. Petersburg and Leningrad Region, Moscow and Moscow region and Yekaterinburg. As of 31 December 2020 (according to Knight Frank), the net sellable area of projects in LSR Group's real estate portfolio amounts to 8.2 million m2 with the market value of RUB 276 billion. In accordance with its audited IFRS consolidated financial statements for 2020, LSR Group reported revenue of RUB 118.1 billion, Adjusted EBITDA of RUB 27.4 billion and Net Profit of RUB 12.0 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). www.lsrgroup.ru
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| ISIN: | US50218G2066 |
| Category Code: | MSCM |
| TIDM: | LSRG |
| LEI Code: | 25340067LEEMJ79K8X43 |
| OAM Categories: | 3.1. Additional regulated information required to be disclosed under the laws of a Member State |
| Sequence No.: | 96166 |
| EQS News ID: | 1177934 |
| End of Announcement | EQS News Service |
UK Regulatory announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.