“We have successfully completed one of the key stages in bringing the company to public capital markets. This is the first public offering of the corporate bonds in the history of RosGeo that enables to attract additional funds for further upgrading and development of the Holding,” said Sergei Gorkov, Director General - Chairman of the Board of RosGeo. “If the market conditions are favorable, the placement of the corporate bonds will be carried out in the III-IV quarter of 2021,” said the Head of RosGeo. 

In November 2020, the Analytical Credit Rating Agency (ACRA) has assigned to RosGeo the credit rating “A” (RU), and the forecast: Stable. Additionally, in 2020 Sovcombank was selected as the bonds issue manager.

REFERENCE

RosGeo is a Russian multi-disciplinary geological holding that carries out a full range of services related to geological exploration: from regional surveys to parametric drilling and monitoring of subsoil conditions. The holding company boasts a unique expertise, particularly in marine geology and shelf operations. A total of more than 1000 fields and deposits have been discovered by the holding’s companies, including major hydrocarbon and solid mineral deposits and fields. RosGeo is a fully state-owned company.