/KASE, November 5, 12/ - LLP "Zhaikmunai" (Uralsk), whose bonds are officially
listed at Kazakhstan Stock Exchange (KASE), has provided KASE with the
following press-release of November 5, 2012:
quote
Zhaikmunai L.P. (LSE: ZKM), the oil and gas exploration and production enterprise
with assets in north-western Kazakhstan today announces that its subsidiary
Zhaikmunai International B.V. has successfully priced US$ 560 million aggregate
principal amount of senior bonds with a seven-year maturity at a fixed coupon of
7.125% per annum. The transaction is expected to close on or about 13 November
2012.
Based on the amount of existing bonds that has been tendered into the pending
tender offer to date, approximately US$ 358 million of the proceeds from the bond
issue is expected to be used to re-finance existing debt, lengthening the
company's debt maturity profile and significantly reducing the interest rate on
the group's long term debt. The remaining net proceeds, after expenses in
connection with the offering and the tender offer for existing debt, will be used
for general corporate purposes.
unquote
The full press-release is available on KASE website, at:
-
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_051112.pdf - in Russian;
-
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_051112_e.pdf - in English.
[2012-11-05]