OREANDA-NEWS. Eurasia Drilling Company Limited (“EDC” or the “Company” - LSE: EDCL), the largest Russian onshore and offshore drilling service provider, rated BB+ / stable (S&P) and BB / stable (Fitch Ratings), announced today the placement of its debut Eurobond due 2020, raising US 600 million in gross proceeds. The coupon rate was set at 4.875% per annum and will be paid semi-annually. The issue was several times oversubscribed with orders received from more than 200 investors.

Bank of America Merrill Lynch, Goldman Sachs International and Sberbank CIB acted as joint lead managers.

Mr. W. Richard Anderson, EDC’s Chief Financial Officer, commented,

“We are pleased that our debut Eurobond placement has received a very high level of interest from fixed income investors, which is testament to the Company’s robust financial profile and growth strategy.”