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Zhaikmunai (Kazakhstan) substitutes issue of international bonds of Zhaikmunai International B.V.

April 26, 2013 Irbis IAFM
LLP "Zhaikmunai" (Oral), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
communiqué of April 25, 2013:


Zhaikmunai L.P. (LSE: ZKM) ("Zhaikmunai"), the oil and gas exploration, development and production business is pleased to announce the coming into effect of the substitution of Zhaikmunai LLP as the issuer, in place of Zhaikmunai International B.V., of the notes issued on 13 November 2012. This substitution was planned at the time of the original issue and was described in the offering memorandum dated 6 November 2012.

On 13 November 2012 Zhaikmunai International B.V., successfully issued a US$ 560 million senior bond with a 13 November 2019 maturity and a fixed coupon of 7.125% per annum (the "Notes"). The Notes were admitted to the Official List and trading on the Global Exchange Market, which is the exchange regulated market of the Irish Stock Exchange. On 2 April 2013, the Kazakhstan Stock
Exchange (KASE) approved the admission of the Notes to the "rated debt securities" category of the official list of the KASE. The listing of the Notes on the KASE took place on 4 April 2013.

Following the listing of the Notes on the KASE, on 24 April 2013, Zhaikmunai International B.V. and the existing guarantors of the Notes (including Zhaikmunai LLP) entered into a supplemental indenture, as provided for and pursuant to Section 4.15 of the indenture governing the Notes, under which Zhaikmunai LLP assumed all of the original issuer’s obligations under the Notes and Zhaikmunai International B.V. was released from its obligations under the Notes as the issuer and became a guarantor of the Notes. The Notes also
continue to be admitted to the Official List and trading on the Global Exchange Market, which is the exchange regulated market of the Irish Stock Exchange.

The remaining notes due 2015 of Zhaikmunai LLP (which were admitted to the Official List of the Luxembourg Stock Exchange and admitted for trading on the Luxembourg Stock Exchange’s Euro MTF market in 2010 and listed on the KASE in 2011) are unaffected by the substitution.

JSC "Halyk Finance" (Almaty) acted as financial advisor to Zhaikmunai LLP in connection with the substitution and the KASE listing.


The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act") nor the securities laws of any state of the United States. The Notes many not be offered or sold into the United States absent registration or an exemption from registration as provided in the Securities Act, and the rules and regulations thereunder. There
is no intention to register any portion of any offering of the Notes in the United States or to conduct a public offering of the Notes in the United States.

Zhaikmunai LP – Investor Relations:
Bruno Meere
Kirsty Hamilton-Smith
+ 31 20 737 2288

Pelham Bell Pottinger
Philip Dennis
Elena Dobson
+ 44 (0) 20 7861 3232

  • Status
    early redeemed
  • Country of risk
  • Redemption (put/call option)
    *** (***)
  • Amount
    560,000,000 USD
  • М/S&P/F
    — / — / —
Company — Zhaikmunai
  • Full name
    Zhaikmunai LLP
  • Registration country
  • Industry
    Oil and gas