/KASE, October 31, 14/ – SkyBridge Invest (Almaty) and Kazkommerts Securities
JSC (Almaty), being Kazakhstan Lead Managers and Bookrunners for proposed
Eurobonds of National company "KazMunayGas" JSC (Astana), have provided
Kazakhstan Stock Exchange (KASE) with an official notice of changing the price
range in the proposed offering of bonds registered in accordance with the
legislation of a foreign state.
Below are parameters of the mentioned bonds, as well as the procedure of
offering of bonds for purchase in Kazakhstan provided to KASE by SkyBridge
Invest JSC and Kazkommerts Securities JSC (subsidiary of Kazkommertsbank JSC).
quote
Hereby Kazakhstan Stock Exchange JSC announces the beginning of collection of
orders from Exchange members for participation in the proposed primary offering
of Eurobonds by National company "KazMunayGas" JSC (Issuer), being issued under
the Mid-Term Global Notes Issue Program to the total amount of
USD10,500,000,000 (ten billion five hundred million), and registered in
accordance with the legislation of a foreign state (hereinafter – Eurobonds).
Collection of orders from prospective investors on Kazakhstan's regulated market
starts simultaneously with the placement of the Eurobonds on the territory of a
foreign state, on the same pricing terms for Eurobonds as during their offering
on the territory of a foreign state, taking into account possible specifics
inherent to the relevant securities markets.
BOND PARAMETERS:
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Issuer Name: National company "KazMunayGas" JSC
Short description of bonds: Global Bonds of senior unsecured debt
issued in accordance with Rule144А
and Regulation S of the US Securities Act
Face value of 1st issue: At least USD500 mln
Face value of 2nd issue: At least USD500 mln
Face value of on security USD200,000 (two hundred thousand),
of the 1st and 2nd issues: or higher face value dividable by
USD1,000 (one thousand)
Expected circulation period 10.7 years (maturity date: May 7, 2025)
of the 1st issue:
Expected circulation period 30 years (maturity date: November 7, 2044)
of the 2nd issue:
Indicative yield at offering Around 5.1%
of the 1st issue:
Indicative yield at offering Around 6.25%
of the 2nd issue:
Expected ratings of the BBB (Fitch) / Baa3, (Moody's) / BBB- (S&P)
1st and 2nd issues:
Securing unsecured
Issue and service currency: US dollar
Additional information: Eurobonds information memorandum in
English is available on website of
Kazakhstan Stock Exchange JSC at
http://www.kase.kz/files/emitters/KMGZ/kmgzf9e8_2014_e.pdf
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PROCEDURE OF BONDS OFFERING IN KAZAKHSTAN:
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Order collection day October 31, 2014
Order collection start time: 15:30 Almaty time
Order collection end time: 19:00 Almaty time
Method of order submission: closed
Expected date of defining the October 31, 2014
price and volume of acceptance
of investor orders:
Expected settlement date: November 7, 2014
Settlement terms: As of the settlement date a Eurobond
issuer must certify the availability of
current open loan facilities at Citigroup
Global Markets Limited/Credit Suisse
Securities (Europe) Limited/Deutsche
Bank AG, London Branch/UBS
AG London Branch, as well as
provide the necessary
payment instructions.
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The orders filled in according to the form published on the KASE's website (at
http://www.kase.kz/files/mix/kmgze_order_form_281014.doc ), must be sent tin
hard copy to: Trade Department of Kazakhstan Stock Exchange JSC, 280 Baizakov
str., MFC "Almaty Towers", northern tower, 8th floor, Almaty 050000,
and facsimile to +7 (727) 237 6020 and to e-mail trade@kase.kz
On all questions, as well as for additional information please contact the
following representatives of the Issue consortium:
Oleg Khvan, tel. +7 (727) 244-65-66/05 (ext. 58015), fax 8 (727) 244-65-06,
e-mail: okhvan@kazks.kz
Ainura Jumadilova, tel. +7 (727) 244-65-66/05 (ext.58051),
fax 8 (727) 244-65-06, e-mail: ajumadilova@kazks.kz
Andrey Lyu, tel. +7 727 311 06 51 (ext. 127), fax 8 (727) 311 06 53,
e-mail: lyu@sbinvest.kz
Yevgeniya Bozhenko, tel. +7 727 311 06 51 (ext. 110), fax 8 (727) 311 06 53,
e-mail: bozhenko@sbinvest.kz
The information contained herein is not for release, directly or indirectly, in
or into the United States of America, Australia, Canada or Japan. This document
(and the information contained herein) does not contain or constitute an offer
of securities for sale, or solicitation of an offer to purchase securities, in
the United States, Australia, Canada or Japan or any other jurisdiction where
such an offer or solicitation would be unlawful. The securities referred to
herein have not been and will not be registered under the U.S. Securities Act
of 1933, as amended ("Securities Act"), and may not be offered or sold in the
United States or to "U.S. persons" unless the securities are registered under
the Securities Act, or an exemption from the registration requirements of the
Securities Act is available. No public offering of the securities will be made
in the United States.
This communication is being distributed only to and is directed only at (a)
persons outside the United Kingdom, (b) investment professionals within the
meaning of Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005, as amended (the "Order"), (c) high net worth
companies, unincorporated associations and other bodies falling within Article
49(2)(a) to (d) of the Order, or (d) other persons to whom it may lawfully be
communicated (all such persons in (a) to (d) above together being referred to as
"relevant persons"). The securities are available only to, and any invitation,
offer or agreement to subscribe, purchase or otherwise acquire such securities
will be available only to or will be engaged in only with, relevant persons.
Any person who is not a relevant person should not act or rely on this
communication or any of its contents.
A rating is not a recommendation to buy, sell or hold securities and may be
subject to revision, suspension or withdrawal at any time by the assigning
rating organization. Similar ratings for different types of issuers and on
different types of notes do not necessarily mean the same thing. The
significance of each rating should be analysed independently from any other
rating.
unquote
[2014-10-31]