National Company KazMunayGas announces consent solicitation offer in respect of four issues of international bonds

27.02.19, 17:59
/KASE, February 27, 2019/ – National Company KazMunayGas (Astana), whose securities 
are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with 
the following press release dated February 27, 2019:


Today, NC KazMunayGas JSC ("Issuer") and KazMunaiGas Finance Sub B.V. ("KMG 
Finance") announce their offer to each holder of the following bonds:

- U.S. $500,000,000 3.875% NOTES DUE 2022 (Reg S ISIN: XS1595713279; Rule 144A 
  ISIN: US48667QAM78) ("Notes 2022"), of which U.S. $500,000,000 remain 

- U.S. $1,000,000,000, 4.40% NOTES DUE 2023 (Reg S ISIN: XS0925015074; Rule 144A 
  ISIN: US46639UAA34) ("Notes 2023"), of which U.S. $406,564,000 remain 

- U.S. $1,000,000,000, 4.75% NOTES DUE 2027 (Reg S ISIN: XS1595713782; Rule 144A 
  ISIN: US48667QAN51) ("Notes 2027"), of which U.S. $1,000,000,000 remain 
  outstanding; and

- U.S. $1,250,000,000, 5.75% NOTES DUE 2047 (Reg S ISIN: XS1595714087; Rule 144A 
  ISIN: US48667QAP00) ("Notes 2047"), of which U.S. $1,250,000,000 remain 

to concent to make certain solicitated changes  ("Proposed Changes"), ("Consent 
Solicitation Offer"), in (i) the terms of Notes 2022, (ii) the terms of Notes 
2023, (iii) in the terms and conditions of Notes 2027, (iv) the terms and 
conditions of Notes  2047 and (v) in the provisions of fiduciary management
agreements forming  Notes 2022, Notes 2023, Notes 2027 and Notes 2047 in accordance 
with detailed description in the Consent Solicitation Memorandum (according to 
the below definition) ("Change Proposal").

Consent Solicitation Offer was made on the terms set forth in the Consent 
Solicitation Memorandum dated February 27, 2019 ("Consent Solicitation Memorandum"). 
To vote for Consent Solicitation Offer, holders of notes must submit Voting 
Instructions to Buyback and Voting Agent by the time indicated in relevant Meeting 
Notice dated March 27, 2019 ("Voting Deadline") or take other measures for voting 
at the relevant Meeting to be held at the time indicated in respective Meeting 
Notice dated March 29, 2019.


Full press release is available on KASE website (in Russian) at –

Appendices to the press release containing forms of notice of bondholders meeting 
are available on KASE website at –