Integra to issue 5-year bonds worth RUR 3 bn.
June 8, 2006 AK&M
June 7, the participants' meeting of Integra Finance LLC (an SPV-company of Integra Group) decided to place the second issue of its bonds by public subscription, the Company informed.
The issue comprises 3 million bonds of RUR 1,000 par. They mature in 5 years.
The issue is secured by Integra KRS LLC, Uralmash-Drilling Equipment CJSC, Aliance Drilling Company LLC.
Integra placed its debut bond issue on March 24, 2005. The issue consists of 2 million bonds of RUR 1,000 par. They mature in 3 years. The coupon period is 6 months. During the placement on the MICEX there were 80 bids from investors. The demand at the auction totaled RUR 2.173 bn. The effective yield to maturity is 10.78%. Deutche Bank, Promstroybank, and NOMOS-Bank are the underwriters. Evrofinance, Mosnarbank, Renaissance Capital, Slavinvestbank, Sibakadembank, and Mordovpromstroybank are the co-underwriters.
Integra Group of Companies was founded in late 2004. It provides drilling and well maintenance services to oil processing companies, carries out geophysical survey in all of Russian oil and gas regions.
The Group comprises Aliance Drilling Company LLC, Sever Drilling Company LLC, Equipment Maintenance and Renting Services LLC, Integra KRS LLC, Russian Geophysical Company OJSC, Tyumenneftegeofizika OJSC, Stavropolneftegeofizika OJSC, Geofizservice LLC, Purgeofizika OJSC, Nizhnevartovskneftegeofizika OJSC, Uralmash-Drilling Equipment CJSC and VNIIBT- Drilling Tools LLC and others. Rosneft, LUKOIL, TNK-BP, RussNeft, Total, Marathon Oil are among the Group's customers. Integra's net income totaled $240 million in 2005.
Company — Integra Finance
Full nameIntegra Finance LLC
IndustryOil and gas