Russia's LSR plans to purchase 500,000 series 02 bonds via put option

By Ashley Montgomery

Kansas City, Kan., Sept. 17 - OJSC LSR Group announced a put option for its series 02 interest-bearing non-convertible bonds.

The company intends to repurchase up to 500,000 of the bonds, according to a notice filed with the London Stock Exchange.

The maximum purchase price is 100.6 plus accrued interest.

Bonds may be tendered between 1 a.m. and 10 a.m. ET on Sept. 25.

Repurchases will be made on Sept 26.

OOO Uralsib Capital is the broker.

LSR is a real estate development and building materials company based in St. Petersburg, Russia.

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