/KASE, May 6, 14/ – Zhaikmunai (Uralsk), bonds of which are officially listed
on Kazakhstan Stock Exchange (KASE), provided to KASE the following press
release:
quotation
Nostrum Oil & Gas LP (LSE: NOG.L) (“Nostrum”), the oil and gas exploration,
development and production business, announces its intention to effect the
substitution of Zhaikmunai LLP as the issuer, in place of Nostrum Oil & Gas
Finance B.V., of the notes issued on 14 February 2014. This substitution was
planned at the time of the original issue and was described in the offering
memorandum dated 10 February 2014.
On 14 February 2014 Nostrum Oil & Gas Finance B.V., successfully issued a
US$400 million senior bond with a 14 February 2019 maturity and a fixed
coupon of 6.375% per annum (the “Notes”). The Notes were admitted to the
Official List and trading on the Global Exchange Market, which is the exchange
regulated market of the Irish Stock Exchange. On 8 April 2014, the Kazakhstan
Stock Exchange (“KASE”) granted its consent for the admission of the Notes to
the “rated debt securities” category of the official list of the KASE, which
became effective on 10 April 2014.
Following the listing of the Notes on the KASE, Nostrum Oil & Gas Finance B.V.
and the existing guarantors of the Notes (including Zhaikmunai LLP) intend to
enter into a supplemental indenture, as provided for and pursuant to Section
4.15 of the indenture governing the Notes, under which Zhaikmunai LLP will
assume all of the original issuer's obligations under the Notes and Nostrum Oil
& Gas Finance B.V. will be released from its obligations under the Notes as the
issuer and will become a guarantor of the Notes. The Notes also continue to be
admitted to the Official List and trading on the Global Exchange Market, which
is the exchange regulated market of the Irish Stock Exchange.
ends
The press release full version is available on KASE website at:
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http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_060514.pdf – in Russian;
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http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_060514_en.pdf – in English.
[2014-05-06]