/ADJUSTED/ HALYK FINANCE AND VISOR CAPITAL ANNOUNCED PLACEMENT RESULTS FOR NC KAZMUNAYGAZ EUROBONDS ISSUE
04.11.10 15:36
/KASE, November 4, 10/ - Subsidiary organization of Halyk Bank of Kazakhstan -
Halyk Finance (Almaty) and VISOR Capital (Almaty), which are Kazakhstan-based
lead managers of National Company KazMunayGas (Almaty) international bonds
issue, provided today to Kazakhstan Stock Exchange (KASE) the following press
release:
quote
Halyk Finance and Visor Capital announce the following placement results for
Eurobonds of National Company KazMunayGas (hereinafter - the Issuer) under
the Issuer's Eurobonds issue programme in accordance with Provision Reg S/144A
within the USD7.5 bn mid-term notes issue Programme. The said Eurobonds have
been issued in accordance with the UK legislation, and in accordance with
Kazakhstan laws they have been offered to Kazakhstan-based investors on the
organized stock market of the Republic of Kazakhstan simultaneously with the
bonds placement beginning on the territory of foreign states.
As was announced earlier, on November 3, 2010 Kazakhstan Stock Exchange (KASE)
was collecting orders from Exchange members and their clients for purchase of
the Issuer's international bonds XS0556885753 (KASE official list, Rated Debt
Securities Category). The trading subject was the Eurobonds' annual yield to
maturity rate, which was indicated in orders as the price parameter. Market and
limited orders were accepted on KASE, the orders were submitted by the "closed"
method from 12:00 to 15:00 (Almaty time), then the time was extended until 15:30
(Almaty time).
Six members participated in the placement of the Eurobonds through KASE, they
submitted nine orders for USD316,750,000 by Eurobonds' face value. In the total
volume of orders submitted to KASE, pension fund market entities accounted for
69.55%, Kazakhstan second-tier banks (STB) - 0%, brokerage and dealer companies
and their clients - 30.45%.
By the global order-book closing results, the Issuer set the cut-off price
(Eurobonds' annual yield to maturity rate) at 6.625% APR with the coupon rate
equating 6.375% APR, which corresponds to the Eurobond's price being as high
as 98.147% of the face valued, and satisfied at this price orders from five
investors totaling to USD 75.0 m by the Eurobonds' face value.
Thus, the Kazakhstan investors' share in the Eurobonds' total placement volume
(USD1.5 bn) made up 6.0%.
National Company KazMunayGas is Kazakhstan's national operator for exploration,
production, processing and transportation of hydrocarbons. NC KazMunayGas is a
100% holding of National Wealth Fund Samruk-Kazyna.
By accepting delivery of this press release you will be deemed to have
represented, agreed and acknowledged either that you are (i) a qualified
institutional buyer, as defined in Rule 144A under the U.S. Securities Act of
1933, as amended (the "Securities Act"), and are also a qualified purchaser, as
defined in section 2(a)(51) of the U.S. Investment Company Act of 1940, as
amended, or (ii) a non-U.S. Person (as defined in Regulation S under the
Securities Act).
ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS PRESS RELEASE IN WHOLE OR
IN PART IS PROHIBITED. FAILURE TO COMPLY WITH THIS DIRECTIVE OR ANY OF THE OTHER
RESTRICTIONS SET FORTH HEREIN MAY RESULT IN A VIOLATION OF THE SECURITIES ACT
OR THE APPLICABLE LAWS OF OTHER JURISDICTIONS.
This press release does not constitute or form a part of an offer of Securities
for sale in the United States (including its territories and possessions, any
State of the United States and the District of Columbia). Securities may not be
offered or sold into the United States absent registration or an exemption from
registration as provided in the Securities Act, and the rules and regulations
thereunder. There is no intention to register any portion of any offering of
Securities in the United States of America or to conduct a public offering of
Securities in the United States.
The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the Securities
referred to herein in any jurisdiction in which such offer, solicitation or sale
would be unlawful absent registration, an exemption from registration or
qualification under the securities laws of any such jurisdiction.
The distribution of this press release may be restricted by law in certain
jurisdictions and persons into whose possession this press release or other
information referred to herein comes should inform themselves about and observe
any such restriction. This document is not a prospectus and, to the extent that
it may constitute an advertisement, does not constitute an offer to sell or the
solicitation of an offer to purchase Securities. Investors should not subscribe
for any Securities referred to herein except on the basis of the information
contained in the base prospectus relating to the Programme, as supplemented by
the applicable final terms and any pricing sheet relating to the offering of
such Securities.
This communication is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities,
and other persons to whom it may lawfully be communicated, falling within
Article 49(2)(a) to (d) of the Order (all such persons together being referred
to as "relevant persons"). Any offering of Securities will only be made
available to, and any invitation, offer or agreement to subscribe, purchase or
otherwise acquire such Securities will be engaged in only with, relevant
persons.
The Joint Lead Managers are acting for KMG and no one else in connection with
any offering of Securities and will not be responsible to anyone other than KMG
for providing the protections afforded to clients of the Joint Lead Managers nor
for providing advice in connection with such offering
NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA. ANY
DISCLAIMERS OR OTHER NOTICES THAT MAY APPEAR BELOW ARE NOT APPLICABLE TO THIS
COMMUNICATION AND SHOULD BE DISREGARDED. SUCH DISCLAIMERS OR OTHER NOTICES WERE
AUTOMATICALLY GENERATED AS A RESULT OF THIS COMMUNICATION BEING SENT VIA
BLOOMBERG OR ANOTHER ELECTRONIC TRANSMISSION.
unquote
[2010-11-04]