SkyBridge Invest announces successful placement of KEGOC bonds on KASE

/KASE, May 29, 2020/ - SkyBridge Invest, which initiated special trading for offering bonds of KZ2C00006658 (KASE main market, category "bonds", KEGCb3) of KEGOC provided Kazakhstan Stock Exchange (KASE) with the press release dated May 28, 2020, which says as follows: quote SkyBridge Invest, a financial advisor and a broker of Kazakhstan Electricity Operating Grid Company (KEGOC), informs that KEGOC has successfully placed the securities as part of the first bond issue of the second bond programme with an announced offering volume of KZT9.7 billion on the Kazakhstan Stock Exchange (KASE) today. The 15-year bonds were placed among institutional investors, including the Eurasian Development Bank. The total volume of the first bond issue of the second bond programme of KEGOC is KZT80 billion. The funds raised will be used for implementation of the projects: “Rehabilitation of 220-500 kV OHTLs at KEGOC’s branches” and “West Kazakhstan Electricity Transmission Reinforcement Project. "The limited number of offers from issuers since the beginning of 2020 related to the revision of fund raising plans under uncertainty, leads to an increase in the interest of institutional and retail investors in the securities of issuers with good ratings and credit quality. We were pleased to be involved in raising market funding for the implementation of socially significant KEGOC projects," Ms. Sholpan Ainabaeva, Chairman of the Management Board of SkyBridge Invest commented. About the company SkyBridge Invest is one of the leading investment companies providing a wide range of financial and advisory services for raising debt and equity capital, mergers and acquisitions, as well as brokerage services in Kazakhstan and international markets. More information about the Company is available on the corporate Internet resource: www.sbinvest.kz. SkyBridge Invest contacts Eugenia Bozhenko , tel: 7 (727) 331 33 50 bozhenko@sbinvest.kz unquote [2020-05-29]