/KASE, September 23, 2020/ – National company "KazMunayGas" (Nur-Sultan), whose
securities are officially listed on Kazakhstan Stock Exchange (KASE), today
provided KASE with the following communique:
quote
NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION IN ANY JURISDICTION OR
TO ANY PERSON WITH A LOCATION IN OR BEING A RESIDENT OF ANY JURISDICTION IN
WHICH A DISCLOSURE, PUBLICATION OR DISTRIBUTION OF THIS ANNOUNCEMENT OR A
MEMORANDUM ON OFFER ON ACQUISITION AND SOLICITATION OF
CONSENT IS ILLEGAL.
September 23, 2020
NC "KAZMUNAYGAS" JSC AND KMG FINANCE SUB B.V. ANNOUNCE OFFERS ON ACQUISITION
AND SOLICITATION OF CONSENTS IN RESPECT OF THE FOLLOWING SERIES OF BONDS
ISSUED UNDER THE GLOBAL MEDIUM-TERM BOND PROGRAM:
- BONDS IN THE AMOUNT OF USD500,000,000 AT A RATE OF 3.875% RATE AND MATURITY
IN 2022 (ISIN CODE (REGULATION S): XS1595713279; ISIN CODE (RULE 144A):
US48667QAM78; CUSIP CODE (RULE 144A): 48667QAM7) AND
- BONDS IN THE AMOUNT OF USD1,000,000,000 AT A RATE OF 4.400% AND MATURITY IN
2023 (ISIN CODE (REGULATION S): XS0925015074; ISIN CODE (RULE 144A):
US46639UAA34; CUSIP CODE (RULE 46639 144UA): 46639UAA3).
Today NC "KAZMUNAYGAS" JSC (the "Issuer") and the company KMG FINANCE SUB B.V.
("KMG Finance") announce their offer to each holder ("Holders") (taking into
account certain restrictions on offer and distribution mentioned below):
- the Issuer's Bonds in the amount of USD500,000,000 with an interest rate of
3.875% per annum and maturing in 2022 (of which bonds with a par value of
USD500,000,000 remain outstanding) ("2022 Bonds") sell to the Issuer any or
all such Bonds 2022 held by Holders for cash ("Offer of Acquisition 2022")
and concurrently agree to making amendments by a decision of the qualified
majority of Holders ("Qualified Majority Decision 2022") to the terms of the
Bonds ("Terms 2022") to provide for mandatory early redemption of the
Bonds 2025 by the Issuer ("Offer 2022", also referred to together with the
Offer of acquisition 2022 as "Offer 2022"); and
- Bonds of the Issuer in the amount of USD1,000,000,000 with an interest rate
of 4.400% per annum and maturing in 2023 (of which Bonds with a par value
of USD406,564,000 remain outstanding) ("Bonds 2023", also together with
Bonds 2022 referred to as "Bonds") to sell to the Issuer any or all of such
Bonds 2023 held by Holders for cash ("Proposal of acquisition 2023", and
together with Proposal of acquisition 2022 – "Proposals of acquisition") and
concurrently agree to making amendments through a decisions of the
qualified majority of the Holders ("Qualified Majority Decision 2023", and
together with the Qualified Majority Decision 2022 – the "Qualified Majority
Decisions") to the terms of the Bonds 2023 ("Terms 2023", also together with
the Terms 2022 referred as "Terms") to provide for the mandatory early
redemption of the Bonds 2023 by the Issuer ("Proposal 2023", also together
with the Proposal of acquisition 2023 referred to as "Offer 2023"; at that,
Proposal 2022 and Proposal 2023 are referred to as "Proposals", and Offer
2022 and Offer 2023 are referred to as "Offers").
unquote
The complete communique is available on KASE website –
https://kase.kz/files/emitters/KMGZ/kmgz_reliz_230920_1.pdf
[2020-09-23]