LSR Group makes first coupon payment on its Series 001P-06 bonds

1 Jun 2021 15:11

LSR Group makes first coupon payment on its Series 001P-06 bonds

St. Petersburg, Russia – 01 June 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 first coupon payment in the amount of RUB 99,750,000 on its non-convertible interest-bearing uncertified exchange-traded Series 001P-06 bonds eligible for collective safe custody , placed under the programme of the exchange-traded bonds (hereinafter – the Exchange-traded bonds).

The registration number of the issue is 4B02-06-55234-E-001P as of 19 February 2021 (ISIN RU000A102T63).

The first coupon interest rate was set at 8.0% per annum and amounted to RUB 19.95 per one bond.

5,000,000 Exchange-traded bonds were placed as part of the bond issue on 02 March 2021, with a maturity of 1,820 days, divided into 20 coupon payment periods. 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, 16th 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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