Investors expecting real estate to rally are pushing borrowing costs for developers to the lowest levels on record. Bonds sold by LSR Group, St. Petersburg’s biggest developer, returned four times more than the average for ruble notes trading on the MICEX exchange this year, cutting the yield on the 5 billion rubles ($180 million) of debt due in 2013 to a record low 7.82 percent on April 13. LSR’s […]