Zhaikmunai (Kazakhstan) substitutes issue of international bonds USN97716AA72, US98953VAA08 (NL_ZHMNe2) of Zhaikmunai International B.V. (Kingdom of Netherlands)
26.04.13 12:48
/KASE, April 26, 13/ – LLP "Zhaikmunai" (Oral), whose bonds are officially
listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following
communiqué of April 25, 2013:
quote
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.
Disclaimer
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
investor_relations@zhaikmunai.com
+ 31 20 737 2288
Pelham Bell Pottinger
Philip Dennis
Elena Dobson
+ 44 (0) 20 7861 3232
unquote
[2013-04-26]