/KASE, October 24, 2025/ – National Company "KazMunayGas" JSC (KASE ticker – KMGZ) reported the following:

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October 24, 2025

On the 23 October 2025 Joint Stock Company National Company "KazMunayGas" ("KMG") priced a Reg S only CNH 1.25bn 5-year senior unsecured offering with a coupon of 2.950% and a yield of 3.150%. The inaugural transaction was issued on the back of KMG's newly established CNY10,000,000,000 Medium Term Note Programme and the issue is rated Baa1 by Moody's, in line with the issuer rating. Transaction closing is currently planned on the 30 October 2025.

KMG mandated BOC International, Bank of China (Hong Kong), China CITIC Bank International, China International Capital Corporation and Citi as Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers, together with SkyBridge Invest as Kazakhstan Lead Manager and BOCOM International, ICBC (Asia) and Industrial Bank Co., Ltd. Hong Kong Branch as Joint Lead Manager and Joint Bookrunners on the 20 October 2025, to arrange a series of fixed income hybrid investor meetings in Asia that commenced on 21 October 2025. This mandate announcement follows extensive non-deal roadshow and anchor investor engagement.

This issuance achieved a record low yield for KMG in Eurobond market and marks the Company's debut in the CNH market. It allowed KMG to diversify its credit portfolio, get access to a new pool of investors and opening it to the Chinese market.

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Full version of the press release in Kazakh – see more

Full version of the press release in Russian – see more

Full version of the press release in English – see more

[2025-10-24]