JSC Open Investments
JSC Open Investments: Signs loan agreement with Rossiysky Capital Bank
JSC Open Investments / Key word(s): Agreement/Agreement 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 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 – Investors: Media: 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 |
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