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GEOTECH Seismic Services closed order book for its debut issue of series 01 bonds and set the coupon rate prior to the offer

On October 17, 2013 the order book was closed for GEOTECH Seismic Services’ (S&P rating: B) debut issue of series 01 bonds worth RUR 3 bln. The bonds mature in five years and have a put option after three years.

Upon conclusion of bookbuilding the issuer made the decision to set the first coupon at 10.50% per annum – at the lower end of the marketing range of 10.50-11.00% per annum.

During bookbuilding 25 investor bids were received and the offering was oversubscribed. This enabled the issuer to set the coupon rate at the lower end of the marketing range.

Settlements under the deal will take place on the MICEX stock exchange on October 23, 2013.

The placement was organised by VTB Capital and Sberbank CIB1.

Technical underwriter – VTB Capital.

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