OREANDA-NEWS. July 20, 2010. Integra Group (LSE: INTE), a leading FSU-based onshore oilfield services provider, announces that its subsidiary Integra Finance issued a public offer to buy back up to 3,000,000 bonds from its Second Ruble Bond issue of 17 October 2006.

Bonds will be purchased at 110.1% of the nominal value of RR1,000 in addition to the payment of accumulated coupon interest. The offer will be valid from July 16, 2010 to July 28, 2010. Repurchase of the bonds will be conducted on July 30, 2010 through Moscow Interbank Currency Exchange (MICEX) with Alfa-Bank acting as an agent on behalf of Integra Finance.

Integra Group signed an agreement with Alfa-Bank to open an unsecured credit line of up to RR 3 billion and final maturity in March, 2012 to finance exclusively the buyback of the bonds. The interest rate of the credit line is lower compared to the interest on the bond issue being bought back.

The full text of the offer (in Russian) is available at the corporate website via the following link:  http://www.integra.ru/investors/disclosure/integra_finance/bonds/