OREANDA-NEWS. November 24, 2009. Integra Finance, a subsidiary of Integra Group (LSE:INTE), sets the rate  for the 7th-10th coupon periods on its 2nd Rouble bond at 16.75% p.a. and introduces additional mechanisms securing bondholders' interests.

Funds in the amount of the nominal value of bonds not submitted for repayment under the put option will be directed to partial prepayment of the syndicated facility with the European Bank for Reconstruction and Development.

The right of the bondholders to exercise the put option expires on December 1, 2009. Repayment of the bonds under the put option will take place on December 3, 2009.

Dmitry Avdeev, Chief Financial Officer of Integra, commented:

“We aim to further decrease the currency risks of Integra by replacing our foreign currency debt with long-term Rouble borrowings”.