18th Oct 2013 11:18
IG Seismic Services PLC
GEOTECH SEISMIC SERVICES PLACED DEBUT
ISSUE OF 5-YEAR BONDS WORTH RUR 3 BILLION
Moscow, October 18, 2013
IG Seismic Services PLC ("IGSS" or the "Company", LSE: IGSS), the leading pure-play land and transition zone seismic company in Russia and the CIS and one of the largest land seismic companies globally, announces that GEOTECH Seismic Services (S&P rating: B), the largest geophysical company, a member of IGSS, closed order book for its debut issue of series 01 bonds worth RUR 3 billion. The bonds mature in five years and have a put option after three years.
2013 GEOTECH Seismic Services (S&P rating: B), the largest geophysical company, a member of IGSS Group, closed order book for its debut issue of series 01 bonds worth RUR 3 billion. The bonds mature in five years and have a put option after three years.
During bookbuilding 25 investor bids were received and the offering was oversubscribed. Upon conclusion of bookbuilding the issuer made the decision to set the first coupon rate at 10.50% per annum - at the lower end of the marketing range of 10.50-11.00% per annum.
Settlements under the deal will take place on the MICEX stock exchange on the placement date of October 23, 2013.
The placement was organised by VTB Capital and Sberbank CIB.
Technical underwriter - VTB Capital.
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1 On the basis of CJSC Sberbank CIB
GEOTECH Seismic Servicesis the largest Russian geophysical land and transition-zone seismic exploration company, providing services for high quality seismic data acquisition, processing and interpretation to oil and gas companies in all Russia's oil and gas provinces, in the CIS and abroad.
GEOTECH Seismic Services is a member of IG Seismic Services PLC (IGSS), a leading pure play, land and transition-zone seismic exploration company, primarily servicing clients in Russia and the CIS, and is one of the largest seismic exploration companies in the world. IG Seismic Services Global Depositary Receipts are traded on the Main Market of the London Stock Exchange under the ticker IGSS. The Company has 75 seismic crews, 28 operational bases and regional departments in all major hydrocarbon regions. IGSS' IFRS Revenue for the 2012 amounted to USD 608.5 million.
Contacts
For further information please visit www.igseis.com or contact:
IGSS Media Relations
Victoria Smirnova
+ 7 495 580 7882 ext. 396
IGSS Investor Relations
Olga Popova
+ 7 495 580 7882 ext. 129
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