NNK Kazahoil has chosen the advisers for the bonds issue
19.04.00 00:00
/IRBIS, IRBIS 19, 00/ - In the today's press release the National petroleum
company Kazahoil has pronounced results of the tender. The financial
consortium formed by JSC Halyk Bank of Kazakhstan, Closed JSC Affiliated
bank ABN AMRO Bank Kazakhstan and JSC Kazkomerts Securities is
chosen as the financial advisers, which will help the company in placement
of its bonds on the domestic market of Kazakhstan.
The director of the assets management department of Kazahoil Beimbet
Shajahmetov has told REUTERS that most likely the bonds will be issued in
May to the sum of $15-20 million. Term of circulation is two years.
Kazahoil hopes on the demand of the Pension Assets Management
Companies, which are limited today in a choice of financial tools. As far as
it is known to IRBIS, these hopes look rather justified. Pension Assets
Management Companies wait for these bonds. But demand will depend on
offered yield.
Besides Kazahoil continues to work above the project of Securities
placement on the world market. Beimbet Shajahmetov does not exclude an
opportunity of an appearance of the company on the debt world market in
the present year after the internal bonds placement. As it was told volume
euronotes issue can make $60 - $80 millions.
Means received a the placement Kazahoil plans to the oil production
magnification.