Zhaikmunai says NOSTRUM OIL & GAS PLC appointed financial and legal advisers due to possible restructuring of bonds

06.05.20, 22:20
/KASE, May 6, 2020/ – Zhaikmunai (Oral), whose bonds are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with the following press release of May 6, 2020: quote Zhaikmunai LLP, a subsidiary of Nostrum Oil & Gas PLC ("Nostrum" or "the Company" and together with its subsidiaries "the Group") an independent oil and gas company engaging in the production, development and exploration of oil and gas in the pre-Caspian Basin, today announces that following the Company’s recent announcements regarding its intention to engage with its bondholders, the Company has appointed Rothschild & Co (Newport.dl@rothschildandco.com) as its financial adviser and White & Case LLP (ataylor@whitecase.com and/or cpilkington@whitecase.com) as its legal adviser in connection with a possible restructuring of its US$725 million 8.0% Senior Notes due July 2022 and/or its US$400 million 7.0% Senior Notes due February 2025. Disclosure of inside information in accordance with Article 17 of Regulation (EU) 596/2014 (16 April 2014) relating to Zhaikmunai LLP. unquote The complete press release is available on KASE website – https://kase.kz/files/emitters/ZHMN/zhmn_reliz_060520_eng_1.pdf [2020-05-06]