OREANDA-NEWS. August 6, 2010. Integra Group (LSE: INTE), a leading FSU-based onshore oilfield services provider, announces that on July 30, 2010, its subsidiary Integra Finance bought back 2,491,381 bonds of its Second Ruble Bond issue with a total nominal value of RR2.49 billion which represents 94.4% of the outstanding Second Ruble Bond issue. According to the terms of the public offer, bonds were purchased at 110.1% of the nominal value.

Integra Group signed an agreement with Alfa-Bank to open an unsecured credit line of up to RR 3 billion of which RR 2.81 billion was drawn to finance exclusively the buyback of the bonds. The interest rate of the credit line with final maturity in March, 2012 is lower compared to the coupon interest on the Second Ruble Bond.