Contact us (+ 7 (921) 446-25-10)
Texting is available for authorized users.
Please register or log in at the website.
Your request for online training has been sent. Cbonds managers will be in touch with you shortly. Thank you!

Skybridge Invest and Halyk Finance call for national company Kazmunaigas’s eurobond offering orders

April 11, 2017 | Cbonds

SkyBridge Invest (Almaty) and Subsidiary organization of Halyk Bank of Kazakhstan Halyk Finance (Almaty, Halyk Finance in the headline), Kazakhstan's leading managers and bookrunners of the planned Eurobonds of National Company KazMunaiGas (Almaty), have informed Kazakhstan Stock Exchange (KASE) of an official call sent to KASE's stock market members for the planned offering of bonds registered in accordance with laws of a foreign state.

Skybridge Invest and Halyk Finance provided to KASE the following parameters 
of these bonds, as well as the procedure to offer the bonds in Kazakhstan.

Kazakhstan Stock Exchange JSC hereby calls for orders from the Exchange 
members for the initial offering of Eurobonds of National Company KazMunaiGas 
JSC (Issuer) issued under the Medium Term Global Notes Program for a total 
amount of USD10,500,000,000 (ten billion five hundred million), and registered
in accordance with laws of a foreign state (Eurobonds).

All investor orders are accepted via the trading system “Subscription” on KASE.

Collection of orders from potential investors on Kazakhstan regulated market 
starts simultaneously with the placement of the Eurobonds on the territory of a 
foreign state, and on the same pricing terms, taking into account specifics 
inherent to the relevant securities markets.

Joint managers and Joint Bookrunners: Citi (B&D), Deutsche Bank, UBS, Halyk 
Finance, SkyBridge Invest.

PARAMETERS OF BONDS:                                                   
Issuer:                                         National Company KazMunaiGas JSC                                                                                                                                                                                                                                                                                                                                                     
Bond brief description:                         A multi-tranche 144A / Reg S 
                                                Senior Unsecured USD benchmark 
Nominal volume:                                 to be defined by order 
                                                collection close                                                                                                                                                                                                                                                                                                                                              
Nominal value of one security:                  USD 200,000 (two hundred 
                                                thousand) or a higher nominal 
                                                value divisible by USD1,000 (one 
Tenor of the 1st tranche:                       5 years                                                                                                                                                                                                                                                                                                                                                                              
Tenor of the 2nd tranche:                       10 years                                                                                                                                                                                                                                                                                                                                                                             
Tenor of the 3rd tranche:                       30 years                                                                                                                                                                                                                                                                                                                                                                             
Indicative yield of the 1st tranche:            Around 4 % (possible review)                                                                                                                                                                                                                                                                                                                                                         
Indicative yield of the 3rd tranche:            Around 5 % (possible review)                                                                                                                                                                                                                                                                                                                                                         
Indicative yield of the:                        Around 6 % (possible review)                                                                                                                                                                                                                                                                                                                                                         
Expected ratings:                               Baa3 - Moody's / BB - S&P / BBB- 
                                                - Fitch                                                                                                                                                                                                                                                                                                                                             
Security:                                       Unsecured                                                                                                                                                                                                                                                                                                                                                                            
Currency:                                       US Dollar                                                                                                                                                                                                                                                                                                                                                                            
Order price:                                    YTM % p.a. shall indicate the 
                                                order price. For market orders, 
                                                the market yield is indicated as 
                                                a price                                                                                                                                                                                                                                                                               
PROCEDURE TO OFFER BONDS IN KAZAKHSTAN:                                                                                                                                                                                                                                                                                                                                                                                                                     
Date of order collection:                       April 11, 2017                                                                                                                                                                                                                                                                                                                                                                       
Starting time for order collection:             3:00 pm ALT                                                                                                                                                                                                                                                                                                                                                                          
Ending time for order collection:               7:00 pm ALT                                                                                                                                                                                                                                                                                                                                                                          
Expected date to define the price and investor
order acceptance volume:                        April 11, 2017 (London time)                                                                                                                                                                                                                                                                                                                                                         
Settlement date:                                April 19, 2017                                                                                                                                                                                                                                                                                                                                                                       
Order acceptance date:                          April 11 (London time)                                                                                                                                                                                                                                                                                                                                                               
Settlement conditions:                          A purchase order submitted by a 
                                                buyer confirms that there are
                                                effective trading lines 
                                                available with one of the listed 
                                                counterparties: Citigroup Global 
                                                Markets Limited, Deutsche Bank 
                                                AG, London Branch, UBS AG, 
                                                London Branch.
                                                Should a submitted purchase 
                                                order be accepted, the 
                                                settlement responsibility must 
                                                lie with the trading participant 
                                                who submitted the purchase order.

Company: KazMunayGas

Full company nameStock Company KazMunayGas National Company
Country of riskKazakhstan
Country of registrationKazakhstan
IndustryOil and gas


Similar news:
200 000
issues: local and international bonds
+7 812 336 97 21
200 000
issues: local and international bonds
Сbonds is a global Fixed income data platform
+7 812 336 97 21
  • Descriptive data on bonds
  • Bond Quotes from trading systems and market participants
  • Prospectuses and other issue documents
  • Credit ratings
  • Indices and indicators
  • Market news and analytical research
Analytical instruments
  • Multi-parameter bond database search
  • Bond Maps
  • Market calendar
  • Bond calculator
  • Watchlist and Portfolio management
  • Chart analysis
  • Mobile App and Excel Add-in Tool
Enter or RegisterSubscription/Trial access
Cbonds is a global fixed income data a platform