/KASE, April 25, 2018/ – Halyk Finance, subsidiary of Halyk Savings Bank of
Kazakhstan (Almaty, in the heading – Halyk Finance), a member of the Kazakhstan
Stock Exchange (KASE), has informed KASE as follows:
quote
Halyk Finance, subsidiary of Halyk Savings Bank of Kazakhstan (in the heading
– Halyk Finance) has successfully acted as a Joint Lead Manager and Bookrunner in
$3.25 bn 7-, 12- and 30.5-year Eurobonds issuance and placement by JSC NC
“KazMunayGas” (“KMG” or the “Company”). This timely groundbreaking transaction
has become an integral part of KMG’s ongoing complex liability management project
of enhancing the Company’s debt profile.
On April 3rd, KMG and KMG FINANCE SUB B.V. (“KMG Finance”) announced their
invitation to each holder of KMG’s outstanding notes due 2020, 2021, 2025 and
2043 with a total outstanding principal amount of $3.14 bn (the “Notes”) to
tender any or all of such Notes for purchase by KMG for cash and concurrently to
consent to amend the terms and conditions of the Notes to provide for mandatory
early redemption of these Notes by KMG. Halyk Finance has successfully acted
as Dealer Manager and Consent Solicitation Agent on this transaction. As of the
early participation deadline on April 16th, KMG and KMG Finance received
instructions for the tender offers and consent solicitations of the holders of
the Notes representing a total nominal value of $2.96 bn. Thus, a minimum quorum
of 75% of each series of the outstanding Notes for the holders to approve the
above agenda was achieved after only two weeks from the launch of KMG’s and KMG
Finance’s proposals.
unquote
Full version of the press release is posted on the KASE website –
http://kase.kz/files/emitters/HFIN/hfin_reliz_250418_eng_1.pdf
[2018-04-25]