Oil and Gas Exploration from A to Z

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.

 GEOTECH Seismic Services

GEOTECH Seismic Services, the largest geophysical company, is a part of IG Seismic Services PLC (IGSS). The Company provides seismic exploration services, using cutting edge equipment and the latest technologies, including high-density seismic surveys, in all Russian oil and gas provinces and abroad.  The Company conducts land and transition-zone seismic surveys.

Sberbank CIB

The Corporate & Investment Banking Business (Sberbank CIB) was created as part of the integration of Sberbank of Russia and Troika Dialog. Sberbank CIB’s key areas of activity are corporate finance (including trade finance), the documentary business2, investment banking services, trade operations with securities, and private equity. Sberbank of Russia’s Corporate & Investment Banking Business provides integrated financial solutions and investment advisory services to its clients, which include major corporations, financial institutions, sovereign states and federal and sub-federal government bodies and organisations.

 Additional Information:

GEOTECH Press-center

Tel: + 7 (495) 580 7882

E-mail: press@geotechcom.ru

Sberbank CIB Press Service

Tel: +7 495 258 05 19

E-mail: pressa@sberbank-cib.ru

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1 On the basis of CJSC Sberbank CIB

2 Banking products and services provided by Sberbank of Russia

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