HALYK FINANCE ANNOUNCES START OF COLLECTION OF ORDERS FOR PARTICIPATION IN OFFERING EUROBONDS OF NATIONAL COMPANY KAZMUNAYGAZ
17.04.18 15:34
/KASE, April 17, 2017/ – Subsidiary organization of Halyk Bank of Kazakhstan
Halyk Finance (Almaty, in the heading and hereinafter – Halyk Finance), a member
of Kazakhstan Stock Exchange (KASE), today provided KASE with the following notice:
quote
Hereby, Halyk Finance announces the startof collection of orders from members
of Kazakhstan Stock Exchange (KASE) for participating in the initial offering of
Eurobonds of the National Company KazMunayGaz (the Issuer) being issued under
laws of a foreign country (hereinafter – Eurobonds).
All orders from investors are accepted through the trading system "Subscription"
on KASE.
Acceptance of orders from prospective investors through the trading system
"Subscription" will start simultaneously with the offering of the Eurobonds on
the territory of the foreign country, and on the same terms of Eurobonds pricing,
as during their offering on the territory of the foreign country, taking into
account possible specifics inherent to the relevant securities markets.
Joint managers and Joint Book-runners: Halyk Finance, Citi (B&D), J.P. Morgan,
MUFG and UBS Investment Bank.
BONDS' PARAMETERS:
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Issuer name: National Company KazMunayGaz
Issuer's Ratings: Moody’s: Baa3 / S&P: BB- /
Fitch: BBB-
Expected issue ratings: Moody’s: Baa3 / Fitch: BBB-
Bonds' short description: global bonds of senior,
unsecured debt issued according
to the English law and offered
in accordance with Rule 144А
and Regulation S of the US
Securities Act
Face value of one security USD200,000 (two hundred thousand)
or the higher face value dividable
by USD1,000
Listing: Kazakhstan Stock Exchange (KASE)
and London Stock Exchange
Volume of issues: at least USD 500 mln for each
tranche
1st tranche repayment date: April 24, 2025
2nd tranche repayment date: April 24, 2030
3rd tranche repayment date: October 24, 2048
Indicative yield at offering of the 1st tranche: Determined upon results of
collection of investors orders.
The indicative yield to maturity
benchmark is in the range of
4.875% APR.
Indicative yield at offering of the 2nd tranche: Determined upon results of
collection of investors orders.
The indicative yield to maturity
benchmark is in the range of
5.50% APR
Indicative yield at offering of the 3rd tranche: Determined upon results of
collection of investors orders.
The indicative yield to maturity
benchmark is in the range of
6.60% APR.
Intended purpose: Partial financing of the tender
on the buyout and consent to
redeem bonds with maturity in
2020, 2021, 2025 and 2043
(jointly "Bonds") and redemption
of Bonds remaining after approval
of Obligatory Early Redemption
of Bonds and financing of general
corporate purposes (if there are
any remaining funds)
Order price: The order price is represented
by the yield to maturity
expressed in annual percentage.
In case of market orders "the
market yield" is indicated as
the price
Stabilisation according to FCA/ICMA.
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PROCEDURE FOR OFFERING OF EUROBONDS IN KAZAKHSTAN:
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Order collection day: April 17, 2018
Order collection start time: 14:00 (Almaty time)
Indicative end time for order collection: 17:00 (Almaty time)
Expected date of price April 17, 2018 (London time)
and executed investor
orders amount fixing:
Settlement date: April 24, 2018 (Т+5)
Executed orders fixing date: April 17 (London time)
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Tender participants: Please indicate your Allocation Identifier Code when
submitting your order
Terms of settlement of Eurobonds:
Submitting a purchase order, the buyer thus confirms the availability of funds
in payment of Eurobonds he buys in an operational brokerage account at Halyk
Finance or the availability of operational trade facilities involving one of the
counterparts below:
- Citigroup Global Markets Limited
- J.P. Morgan Securities plc
- MUFG Securities EMEA plc
- UBS AG, London Branch
and undertakes to make settlements when the buyer’s order is executed.
In case of execution of a submitted purchase order, the responsibility for
execution (settlement) rests with the trade participant who submitted the
purchase order.
With queries, as well as for additional information, please contact the
following representative of Halyk Finance:
Farkhad Okhonov, tel. +7 (727) 357-31-69, e-mail: F.Okhonov@halykfinance.kz
Zhuldyz Zharkenova, tel. +7 (727) 357-31-77 (ext. 3327), e-mail:
Zh.Zharkenova@halykfinance.kz
Nursultan Alibaev, tel. +7 (727) 357-31-77 (ext. 3326), e-mail:
N.Alibayev@halykfinance.kz
Halyk Finance, Citi (B&D), J.P. Morgan, MUFG and UBS Investment Bank act as
Joint Bookrunners.
NOT FOR DISTRIBUTION IN THE UNITED STATES (EXCEPT FOR QUALIFIED INSTITUTIONAL
BUYERS AS DEFINED UNDER RULE 144A OF THE US SECURITIES ACT OF 1933 WITH ADDITIONS
AND MODIFICATIONS, WHICH ARE ALSO QUALIFIED BUYERS IN ACCORDANCE WITH SECTION 2
(A) (51) OF THE US INVESTMENT COMPANIES ACT OF 1940 WITH AMENDMENTS AND
MODIFICATIONS), CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE SUCH
ACTION IS ILLEGAL.
Target market of the provider (in accordance with Products Management Directive
MIFID II) are exceptionally qualified counterparties and professional clients
(all distribution channels). No key information document (KID) for retail and
insurance structured investment products (PRIIPS) was prepared, because this
product is not available for the retail segment in the European Economic Area
(EEA).
Product Management of MIFID II/only professional investors and qualified
counterparties (ECP) - Solely for the purpose of conducting the approval process
for each vendor product, evaluation of the target investor group for Bonds led
to the conclusion that: (i) the target investor group for Bonds are only
qualified counterparties and professional clients as defined in respect of each
in Directive 2014/65/EU (including all supplements and amendments, hereinafter
referred to as MIFID II); and (ii) all sales channels of Bonds to qualified
counterparties and professional clients are relevant. Any person who
subsequently offers, sells or recommends Bonds (‘Distributor’), should take
into account an assessment of the target group of investors. However, a
distributor that is the subject of the MIFID II, is responsible for conducting
their own assessment of the target group of investors for Bonds (through the
adoption or modification of the assessment of the target investor group by
suppliers) and for determining relevant sales channels.
The securities referenced in this message, may not be offered for sale or sold
in the United States unless the securities have not been registered or exempted
from registration in accordance with the US Securities Act of 1933, including
all supplements and amendments (hereinafter (US Securities Act). NC KazMunayGas
JSC does not intend to register any securities on the territory of the United
States or to conduct public offering of securities in the United States. These
securities will be offered in the United States only to qualified institutional
buyers in accordance with Rule 144 and US Securities Act, which are also qualified
buyers in accordance with section 2 (a) (51) of the US Investment Companies Act
of 1940 with additions and changes, and will be offered outside the United States
pursuant to Regulation S of the US Securities Act. This announcement is published
in accordance with Rule 135C of the US Securities Act.
This statement is not a public offer of securities in the United Kingdom. This
statement applies and is intended only for (i) persons outside the United Kingdom,
(ii) persons who have professional experience in matters relating to investment
as defined in Article 19 (5) of the Financial Services and Markets Act of 2000
(Financial assistance) Order of 2005 (hereinafter referred to as the Order) and
(iii) persons with large equity or other persons who may be provided this
statement legally as defined in subparagraphs (a) to (d) of Article 49 (2) of the
Order (all such persons hereinafter collectively referred to as "Relevant
Persons"). Any investment activity to which this statement relates will only be
available to Relevant Persons and will be carried out only with Relevant Persons.
Those persons, who are not Relevant Persons, shall not carry out any action in
connection with this statement or its contents or rely on this statement or its
contents.
unquote
[2018-04-17]