HALYK FINANCE JSC ANNOUNCES BOOKBUILDING FOR THE OFFERING OF DOLLAR-DENOMINATED EUROBONDS OF NATIONAL COMPANY "QAZAQGAZ" JSC
/KASE, April 29, 2026/ – Halyk Finance JSC, as the Kazakhstan lead manager, has provided Kazakhstan Stock Exchange (KASE) with the following notice:
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THIS COMMUNICATION IS NOT FOR DISTRIBUTION IN ANY JURISDICTION WHERE SUCH DISTRIBUTION WOULD BE UNLAWFUL AND IS NOT INTENDED FOR DISTRIBUTION TO ANY PERSON LOCATED OR RESIDENT IN SUCH JURISDICTIONS
THIS ANNOUNCEMENT IS NOT INTENDED FOR DISTRIBUTION TO THE PUBLIC AND IS ADDRESSED ONLY TO MEMBERS OF KAZAKHSTAN STOCK EXCHANGE JSC. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ADVERTISEMENT OF SECURITIES IN THE REPUBLIC OF KAZAKHSTAN.
Halyk Finance JSC hereby announces the start of accepting orders from members of Kazakhstan Stock Exchange JSC for participation in the initial placement of bonds of NC "QazaqGaz" JSC (Issuer), being issued in accordance with the legislation of a foreign state (hereinafter referred to as Eurobonds).
All orders from investors are accepted through the ASTS+ trading and clearing system (stock market) (hereinafter referred to as the trading and clearing system) on KASE.
Collection of orders from potential investors through the trading and clearing system on KASE begins simultaneously with the start of the placement of Eurobonds in the territory of a foreign state, under the same conditions for the placement of Eurobonds (including the conditions for determining the price of their placement) as when they are offered in the territory of a foreign state.
Joint Global Coordinators: Citigroup Global Markets Limited and J.P. Morgan
Joint Bookrunners: MUFG and Oman Investment Bank
Kazakhstan Lead Manager: Halyk Finance
Kazakhstan Co-Manager: Freedom Broker
EUROBONDS PARAMETERS:
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Name of the Issuer: Joint Stock Company "National Company "QazaqGaz"
ISIN: XS3366268384
Expected ratings of the issue: Baa2 (Moody's) / BB+ (S&P)
Issuer Ratings: Baa2 (stable) on the Moody's scale
BB+ (positive) on the S&P scale
BB+ (stable) on the Fitch scale
Brief description of Eurobonds: Senior unsecured guaranteed debt Eurobonds
issued under English law and offered in accordance with
Rule 144A and Regulation S
Term: 10 years
Security: unsecured
Guarantee on Eurobonds: Intergas Central Asia JSC (the guarantor)
Yield to maturity on bonds: determined based on the results of investor order collection.
Indicative benchmark of yield to maturity for Eurobonds is
around 6.375% per annum.
Expected face volume will be determined following the bookbuilding
of issue:
Issue currency: US dollar
Settlement currency: All settlements on Eurobonds (including settlements for
the initial placement, coupon and principal payments) are
made in US dollars.
Denomination: 200,000 (two hundred thousand) US dollars or a larger
amount in multiples of 1,000 (one thousand) US dollars
Applicable law: English law
Listing: Kazakhstan Stock Exchange JSC, Astana International
Exchange (AIX) and Vienna MTF
Clearing settlements: Euroclear / Clearstream / DTC
Intended purpose: Purchase of any or all of the Issuer's Eurobonds
due 2027, with any remaining proceeds to be used for general
corporate purposes, including funding the Group's working capital.
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PROCEDURE FOR OFFERING EUROBONDS FOR PURCHASE IN KAZAKHSTAN:
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Order collection day: April 29, 2026
Order collection start time: 14:00 Almaty time
Order collection end time: 19:00 Almaty time
Expected date for determining April 30, 2026 (London time)
the price and volume of executed
investor orders:
Expected settlement date: May 8, 2026
Settlements at the initial placement will be made in US dollars.
Order price: Yield to maturity, expressed as a percentage per annum, is
specified (in the "Reference" field). The order price is 100 (for
technical purposes only). When submitting market orders, the price
is indicated "At counterparty price."
Order amount: Order amounts must be indicated in US dollars.
The minimum order amount is US$200,000 (two hundred thousand)
or a larger amount in multiples of US$1,000 (one thousand).
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Conditions for settlements of Eurobonds:
By submitting a purchase order, the trading participant agrees to the blocking by KASE Clearing Centre JSC (hereinafter referred to as the CC) of the single limit provision with the subsequent delivery of funds by the trading participant to the CC account in the Central Depository no later than 12:00, May 8, 2026, if the submitted purchase order is executed.
Information on the order execution (allocation) will be provided to trading participants who submitted orders on April 30, 2025 (T+1) via KASE's trading and clearing system.
If the submitted purchase order is executed, the trading participant who submitted the purchase order will be responsible for the delivery of funds to the CC's account in the Central Depository no later than 12:00 on May 8, 2026.
The buyer is responsible for the accuracy of the information provided in the buyer's order.
Investors wishing to submit an order to purchase Eurobonds in Format 144A should contact the joint global coordinators, Citigroup Global Markets Limited and J.P. Morgan, directly.
For any questions or additional information, please contact Halyk Finance representatives at the following contact information:
Halyk Finance: +7 (727) 339-43-77/88 (ext. 3373, 3448, 3356), ib@halykfinance.kz
THIS ANNOUNCEMENT (THE "ANNOUNCEMENT") SHOULD BE READ IN CONJUNCTION WITH THE [INFORMATION MEMORANDUM]. THIS ANNOUNCEMENT AND THE INFORMATION MEMORANDUM CONTAIN IMPORTANT INFORMATION THAT SHOULD BE CONSIDERED CAREFULLY BEFORE MAKING ANY DECISION REGARDING THE [OFFERING]. IF YOU HAVE ANY DOUBT REGARDING THE CONTENTS OF THIS ANNOUNCEMENT OR THE [INFORMATION MEMORANDUM], OR WHAT ACTION SHOULD BE TAKEN, YOU ARE ADVISED TO PROMPTLY SEEK YOUR OWN FINANCIAL AND LEGAL ADVICE, INCLUDING TAXATION ISSUES, FROM YOUR BROKER, BANK MANAGER, LEGAL ADVISOR, ACCOUNTANT OR OTHER INDEPENDENT FINANCIAL ADVISOR. THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY. [THE PLACEMENT] IS BEING MADE SOLELY ON THE BASIS OF THE [INFORMATION MEMORANDUM] AND ONLY IN THOSE JURISDICTIONS WHERE PERMITTED BY APPLICABLE LAW. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN DO NOT CONSTITUTE OR FORM PART OF ANY OFFER OR ADVERTISEMENT TO SELL OR SUBSCRIBE FOR SECURITIES OF THE COMPANY NOR DOES IT CONSTITUTE AN INVITATION OR SOLICITATION TO PURCHASE OR SUBSCRIBE FOR SUCH SECURITIES. THE COMPANY'S SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT") AND MAY NOT BE OFFERED, SOLD, OR TRANSFERRED IN THE UNITED STATES EXCEPT TO QUALIFIED INSTITUTIONAL BUYERS IN ACCORDANCE WITH RULE 144A OF THE SECURITIES ACT.
THIS ANNOUNCEMENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND MAY NOT BE REPRODUCED OR DISTRIBUTED, IN WHOLE OR IN PART, TO ANY OTHER PERSON. IN PARTICULAR, NEITHER THIS ANNOUNCEMENT NOR ANY COPIES OF IT MAY BE DIRECTLY OR INDIRECTLY SENT OR DISTRIBUTED INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SWITZERLAND, THE UNITED ARAB EMIRATES (EXCEPT THE DUBAI INTERNATIONAL FINANCIAL CENTRE), DUBAI INTERNATIONAL FINANCIAL CENTRE, SINGAPORE OR THE REPUBLIC OF KAZAKHSTAN OR ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION IS PROHIBITED, EXCEPT IN IN COMPLIANCE WITH APPLICABLE SECURITIES LAWS. FAILURE TO COMPLY WITH THESE RESTRICTIONS MAY RESULT IN A VIOLATION OF U.S. OR OTHER STATES' LAWS.
NO FUNDS, SECURITIES OR OTHER CONSIDERATION ARE SOLICITED BY THIS ANNOUNCEMENT AND ANY SUCH FUNDS OR CONSIDERATION SENT IN RESPONSE TO THIS ANNOUNCEMENT WILL NOT BE ACCEPTED. THIS ANNOUNCEMENT AND ANY OTHER DOCUMENTS OR MATERIALS RELATED TO THE PLACEMENT OF SECURITIES HAVE NOT BEEN APPROVED BY THE AUTHORIZED PERSON FOR THE PURPOSES OF SECURITIES ACT 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (AS AMENDED). ACCORDINGLY, THIS ANNOUNCEMENT IS NOT BEING DISTRIBUTED TO, AND MUST NOT BE DISTRIBUTED TO, THE GENERAL PUBLIC IN THE UNITED KINGDOM.
THIS ANNOUNCEMENT IS ADDRESSED SOLELY TO:
(I) PERSONS LOCATED OUTSIDE THE UNITED KINGDOM;
(II) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN INVESTMENT MATTERS AND WHO FALL WITHIN THE DEFINITION OF INVESTMENT PROFESSIONALS (ARTICLE 19(5) OF THE FINANCIAL PROMOTION ORDER 2005);
(III) PERSONS FALLING WITHIN THE PROVISIONS OF ARTICLE 49(2)(A)–(D) OF THIS ORDER;
(IV) OTHER PERSONS TO WHOM THIS ANNOUNCEMENT MAY LAWFULLY BE DIRECTED (COLLECTIVELY "RELEVANT PERSONS"). ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE SOLELY TO RELEVANT PERSONS.
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION TO OR USE BY ANY PERSON OR ENTITY IN JURISDICTIONS WHERE SUCH DISTRIBUTION WOULD BE PROHIBITED BY LAW OR REQUIRE REGISTRATION. THIS ANNOUNCEMENT IS INTENDED EXCLUSIVELY FOR FINANCIAL INSTITUTIONS AND PROFESSIONAL INVESTORS AND IS NOT INTENDED FOR RETAIL INVESTORS. TARGET MARKET (MIFID II / UK MIFIR): QUALIFIED COUNTERPARTIES AND PROFESSIONAL CLIENTS EXCLUSIVELY (ALL DISTRIBUTION CHANNELS).
PRIIPS: A KEY INFORMATION DOCUMENT (KID) HAS NOT BEEN PREPARED BECAUSE THE PRODUCT IS NOT INTENDED FOR RETAIL INVESTORS IN THE EEA. THIS ANNOUNCEMENT DOES NOT CONSTITUTE A PROSPECTUS AND DOES NOT CONSTITUTE AN OFFER DOCUMENT. A PROSPECTUS IN ACCORDANCE WITH EU REGULATION 2017/1129 HAS NOT BEEN AND WILL NOT BE PREPARED.
THIS ANNOUNCEMENT HAS NOT BEEN REGISTERED, APPROVED OR OTHERWISE APPROVED BY THE AGENCY OF THE REPUBLIC OF KAZAKHSTAN FOR REGULATION AND DEVELOPMENT OF THE FINANCIAL MARKET OR ANY OTHER STATE AUTHORITY OF THE REPUBLIC OF KAZAKHSTAN. THE INFORMATION CONTAINED IN THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OR INVITATION TO TRANSACTION IN SECURITIES IN THE REPUBLIC OF KAZAKHSTAN, EXCEPT IN CASES OF COMPLIANCE WITH THE LOCAL OFFERING REQUIREMENT, AND FOR PERSONS PERMITTED TO DO SO BY THE LAWS OF THE REPUBLIC OF KAZAKHSTAN AND THE ACTS OF THE ASTANA INTERNATIONAL FINANCIAL CENTRE (AIFC). THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ADVERTISEMENT WITHIN THE MEANING OF THE LAWS OF THE REPUBLIC OF KAZAKHSTAN, EXCEPT IN CASES OF FULL COMPLIANCE WITH THE REQUIREMENTS OF LAWS AND THE AIFC RULES. "LOCAL OFFERING REQUIREMENT" MEANS THAT SIMULTANEOUSLY WITH A PLACEMENT OUTSIDE THE REPUBLIC OF KAZAKHSTAN, AT LEAST 30% OF THE TOTAL ISSUE VOLUME MUST BE OFFERED THROUGH AIX, WITH AT LEAST 20% OF THE TOTAL ISSUE PLACEMENT BY KASE AND AIX. BY RECEIVING THIS ANNOUNCEMENT, YOU ACKNOWLEDGE THAT: (A) YOU ARE EITHER A QUALIFIED INSTITUTIONAL BUYER (QIB) OR ARE LOCATED OUTSIDE THE UNITED STATES; (B) IF YOU ARE IN THE UK, YOU ARE A RELEVANT PERSON; (C) YOU ARE ELIGIBLE TO RECEIVE THIS INFORMATION UNDER APPLICABLE LAW.
A RATING DOES NOT CONSTITUTE A RECOMMENDATION TO PURCHASE, SELL, OR HOLD SECURITIES AND MAY BE REVISED, SUSPENDED, OR WITHDRAWN AT ANY TIME BY THE RATING ENTITY. SIMILAR RATINGS FOR DIFFERENT TYPES OF ISSUERS AND DIFFERENT TYPES OF SECURITIES DO NOT NECESSARILY MEAN THE SAME. THE SIGNIFICANCE OF EACH RATING SHOULD BE CONSIDERED INDEPENDENTLY FROM ANY OTHER RATING.
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[2026-04-29]