IFLR1000

KazMunayGas $3.25 billion bond issue

21/6/2018
Investment grade bond/note issue
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$ 3.25 billion

Completed

21/6/2018

Overview:

  • KazMunayGas, the Kazakhstan state-owned oil and gas company, issued a $3.25 billion eurobond.
  • Listed on the London Stock Exchange and the Kazakhstan Stock Exchange, the eurobonds were issued in three tranches: $500 million 4.750% notes due 2025; $1.25 billion 5.375% notes due 2030; and $1.5 billion 6.375% notes due 2048.

Jurisdictions:

United Kingdom
Kazakhstan
Russia

Deal type:

Investment grade bond/note issue

Practice area:

Capital markets : Debt

Governing laws:

England and Wales
Kazakhstan

Industry sector:

Oil and gas

Firms:
Dechert

Party: KazMunayGas (Issuer)

Latham & Watkins

Party: ING Bank (Joint lead manager)

White & Case

Party: Citigroup (Joint bookrunner)

Party: Halyk Finance (Joint bookrunner)

Party: JPMorgan Chase (Joint bookrunner)

Party: MUFG (Joint bookrunner)

Party: UBS (Joint bookrunner)

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