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30 Jul 2013 09:40
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30 July 2013
MirLand Development Corporation plc
("MirLand" or the "Company")
Issue of New Series E Bonds
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Further to the announcements on 23 July 2013 and 25 July 2013, MirLand, one of Russia's leading residential and commercial property developers, confirms that it has successfully issued new series E bonds (the "Bonds") in the total amount of NIS 240 million (approximately USD 67.2 million). Midroog, a subsidiary of Moody's Investor Services the credit rating agency, has rated the bonds as "ilBaa1/Stable" and they bear interest at 7.21%.
The proceeds from the issue of the Bonds will be used for MirLand's general working capital purposes.
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For further information, please visit www.mirland-development.com, or contact:
Β MirLand Development Corporation plc Roman Rozental roman@mirland-development.com | Β +7 495 787 49 62 +7 499 130 31 09 |
Β FTI Consulting Dido Laurimore / Will Henderson Β | Β +44 20 7831 3113 |
Investec Bank plc Jeremy Ellis / David Anderson Β Β | +44 20 7597 4000 Β |
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