Baku, Azerbaijan, March 12
By Elena Kosolapova – Trend:
Kazakh national oil and gas company KazMunaiGas plans to issue Eurobonds in the amount of $ 10.5 billion, according to the website of Kazakhstan’s Stock Exchange KASE.
The dollar-denominated bonds will be issued in minimum denominations of $200,000 and integral multiples of $1,000.
The first tranche will have the maturity of 5 years, of the second tranche – of 10 years and the third tranche - 30 years.
The indicative profitability of the first tranche to reach about 4 percent, of the second tranche – about 5 percent, the third tranche - about 6 percent. The profitability can be revised.
Citi (B&D), Deutsche Bank, UBS, Halyk Finance and SkyBridge Invest acted as co-managers and bookrunners.
KMG is a 100 percent government-owned national oil company with stakes in essentially all of Kazakhstan's oil-related assets and priority access to new assets.
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