JSC Open Investments: Signs loan agreement with Rossiysky Capital Bank
EquityStory.RS, LLC-News: JSC Open Investments / Key word(s):
Agreement/Agreement
JSC Open Investments: Signs loan agreement with Rossiysky Capital Bank
04.04.2012 / 08:41
---------------------------------------------------------------------
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA
JSC OPIN
ANNOUNCES SIGNING OF LOAN AGREEMENT WITH
OJSC ROSSIYSKY CAPITAL
Joint Stock Company 'Open Investments' (JSC 'OPIN' or the 'Company')
(BLOOMBERG: RTS - OPIN.RU; MICEX - OPIN.RM), one of the leading real estate
developers in Russia, today announces signing of a loan agreement between
OPIN's subsidiary Stroy Group LLC with OJSC Rossiysky Capital Bank in the
total amount of RUR 2.3 billion for a total term ending 10 December 2014.
Annual interest rate on the credit facility is 13.5% in Russian rubles with
quarterly installments.
The facility is collateralized by real estate and land plots in Pavlovo
residential community belonging to Stroy Group LLC and Pestovo residential
community belonging to Pestovo LLC as well as by guarantees from Pestovo
LLC and JSC OPIN.
The funds are planned to be used to finalise the construction of the
Company's current projects - Pavlovo, Pestovo and Martemyanovo and for the
development of new projects in multi-storey segment, which OPIN is about to
launch in 2012.
- ends -
For further information, please contact:
Investors:
Stanislav Joukov +7 495 363 2211 ext. 2388
Media:
Anna Rogova +7 495 363 2211 ext. 2513
About OPIN
Established in 2002, JSC OPIN is one of the leading real estate development
companies operating in Russia.
OPIN is focused on the development of master-planned multi-format
residential communities and the operation of high-quality commercial
properties in Moscow and the Moscow Region. Having completed nearly 200,000
sq. m of commercial space and 500 ha of developed master-planned
communities, today OPIN is a well-recognised brand in the domestic market,
known for the market-leading quality of the projects it delivers. Through
its property expertise and successful track record, the Company's strategic
goal is to become a platform for the consolidation of assets in the real
estate industry in Russia.
The Company's majority shareholder is ONEXIM Holdings Ltd, a major private
investment group in the CIS region with a diversified portfolio of assets
in mining, real estate, financial services, media, energy production and
high-tech.
In November 2004 OPIN was successfully admitted to the RTS stock exchange
and since then has carried out six secondary public offerings, raising
nearly US$2 billion.
Further details can be found on the OPIN website at www.opin.ru
End of Corporate News
---------------------------------------------------------------------
04.04.2012 Dissemination of a Corporate News, transmitted by
EquityStory.RS, LLC - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: JSC Open Investments
Tverskoy blvr, 13/1
123104 Moscow
Russia
Phone: + 7 495 363 22 11
E-mail: info@opin.ru
Internet: www.opin.ru
ISIN: RU000A0DJ9B4
End of News EquityStory.RS, LLC News-Service
---------------------------------------------------------------------
163837 04.04.2012
EquityStory.RS, LLC-News: JSC Open Investments / Key word(s):
Agreement/Agreement
JSC Open Investments: Signs loan agreement with Rossiysky Capital Bank
04.04.2012 / 08:41
---------------------------------------------------------------------
THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA
JSC OPIN
ANNOUNCES SIGNING OF LOAN AGREEMENT WITH
OJSC ROSSIYSKY CAPITAL
Joint Stock Company 'Open Investments' (JSC 'OPIN' or the 'Company')
(BLOOMBERG: RTS - OPIN.RU; MICEX - OPIN.RM), one of the leading real estate
developers in Russia, today announces signing of a loan agreement between
OPIN's subsidiary Stroy Group LLC with OJSC Rossiysky Capital Bank in the
total amount of RUR 2.3 billion for a total term ending 10 December 2014.
Annual interest rate on the credit facility is 13.5% in Russian rubles with
quarterly installments.
The facility is collateralized by real estate and land plots in Pavlovo
residential community belonging to Stroy Group LLC and Pestovo residential
community belonging to Pestovo LLC as well as by guarantees from Pestovo
LLC and JSC OPIN.
The funds are planned to be used to finalise the construction of the
Company's current projects - Pavlovo, Pestovo and Martemyanovo and for the
development of new projects in multi-storey segment, which OPIN is about to
launch in 2012.
- ends -
For further information, please contact:
Investors:
Stanislav Joukov +7 495 363 2211 ext. 2388
Media:
Anna Rogova +7 495 363 2211 ext. 2513
About OPIN
Established in 2002, JSC OPIN is one of the leading real estate development
companies operating in Russia.
OPIN is focused on the development of master-planned multi-format
residential communities and the operation of high-quality commercial
properties in Moscow and the Moscow Region. Having completed nearly 200,000
sq. m of commercial space and 500 ha of developed master-planned
communities, today OPIN is a well-recognised brand in the domestic market,
known for the market-leading quality of the projects it delivers. Through
its property expertise and successful track record, the Company's strategic
goal is to become a platform for the consolidation of assets in the real
estate industry in Russia.
The Company's majority shareholder is ONEXIM Holdings Ltd, a major private
investment group in the CIS region with a diversified portfolio of assets
in mining, real estate, financial services, media, energy production and
high-tech.
In November 2004 OPIN was successfully admitted to the RTS stock exchange
and since then has carried out six secondary public offerings, raising
nearly US$2 billion.
Further details can be found on the OPIN website at www.opin.ru
End of Corporate News
---------------------------------------------------------------------
04.04.2012 Dissemination of a Corporate News, transmitted by
EquityStory.RS, LLC - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
EquityStory.RS, LLC's Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: JSC Open Investments
Tverskoy blvr, 13/1
123104 Moscow
Russia
Phone: + 7 495 363 22 11
E-mail: info@opin.ru
Internet: www.opin.ru
ISIN: RU000A0DJ9B4
End of News EquityStory.RS, LLC News-Service
---------------------------------------------------------------------
163837 04.04.2012