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JSB ORGRESBANK became a co-underwriter of the third bond issue of LSR –Invest with the volume of RUR 3 billions. Placement of these bonds was completed on July 19, 2007 on MICEX.
The syndicate for bond issue placement consists of the following companies-organizers – ABN AMRO, Financial Corporation URALSIB; the underwriters are Morgan Stanley, Sberbank of the RF, URSA Bank; co-underwriters – Broker Company Adekta, Bank of Moscow, Investment Company VELES Capital, VTB-24, Gasenergoprombank, Deutche Bank, ORGRERSBANK, Investment Financial Company Solid, Transkapitalbank, Investment Bank Trust.
20 bids out of 69 totaling to RUR 2 702.51 millions were satisfied in the course of tender. The rest RUR 297.49 millions of the bond issue were sold during the next session in negotiation deals mode. The rates of 1-4 coupons were established in the amount of 8.35% per annum based on the tender results with the rates of 5-8 coupons defined by the issuer. The effective yield of the issue for offer in 2 years was 8.53% per annum.
LRS –Invest LLC is a subsidiary company of LSR Industrial-Construction Group involved in production of construction materials, construction and real estate development. The Group comprises enterprises that manufacture ceramic bricks, gas concrete, nonmetallic construction materials, ready-mixed concrete, reinforced concrete products as well as construction of large-panel residential buildings.