BAKU, Azerbaijan, Oct. 7
By Nargiz Sadikhova - Trend:
Kazakhstan’s KazMunayGas National Company will make placement of Eurobonds for $750 million, Trend reports citing Kazakhstan Stock Exchange (KASE).
The placement will be carried out on KASE and London Stock Exchange. The Eurobonds bookrunners are Halyk Finance, J.P. Morgan (B&D), MUFG и SkyBridge Invest. The acceptance of applications for participation in auction began on October 6, 2020.
The nominal cost of one Eurobond is $200,000 or a larger sum that is a multiple of $1,000. The Eurobond’s maturity date is April 14, 2033, profitability is 3.5 percent per annum.
Fitch Ratings has assigned National Company KazMunayGas's JSC (KMG) proposed Eurobonds an expected senior unsecured 'BBB-(EXP)' rating.
Its Long-Term Issuer Default Rating (IDR) has been affirmed at 'BBB-' with a Stable Outlook.
National Company KazMunayGas is a Kazakh operator for exploration, production, processing, and transportation of hydrocarbons, representing the interests of the state in the oil and gas industry of Kazakhstan.
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