Published on 4/12/2017 in the Prospect News Emerging Markets Daily.
New Issue: KazMunayGas prices $2.75 billion of five-, 10-, 30-year notes
By Colin Hanner
Chicago, April 12 – KazMunayGas priced $2.75 billion of notes due 2022, 2027 and 2047 on Tuesday, a market source said.
The company priced $500 million of 3 7/8% five-year notes at 99.663 to yield 3.95%.
A $1 billion tranche of 4¾% 10-year notes priced at 99.02 to yield 4 7/8%.
And KazMunayGas sold $1.25 billion of 5¾% 30-year notes to yield 5 7/8%.
Joint bookrunners for the Rule 144A and Regulation S deal are Citigroup, Deutsche Bank, UBS Investment Bank, Halyk Finance, Euroclear Bank, Clearstream Banking SA and SkyBridge Invest.
KazMunayGas is an Astana, Kazakhstan-based state-owned oil and gas company.
| Issuer: | KazMunayGas
|
| Amount: | $2.75 billion
|
| Description: | Notes
|
| Bookrunners: | Citigroup, Deutsche Bank, UBS Investment Bank, Halyk Finance, Euroclear Bank, Clearstream Banking SA and SkyBridge Invest
|
| Pricing date: | April 11
|
| Settlement date: | April 19
|
| Distribution: | Rule 144A and Regulation S
|
| Marketing: | Roadshow
|
|
|
| Five-year notes
|
| Amount: | $500 million
|
| Maturity: | April 19, 2022
|
| Coupon: | 3 7/8%
|
| Price: | 99.663
|
| Yield: | 3.95%
|
|
|
| 10-year notes
|
| Amount: | $1 billion
|
| Maturity: | April 19, 2027
|
| Coupon: | 4¾%
|
| Price: | 99.02
|
| Yield: | 4 7/8%
|
|
|
| 30-year notes
|
| Amount: | $1.25 billion
|
| Maturity: | April 19, 2047
|
| Coupon: | 5¾%
|
| Price: | 98.247
|
| Yield: | 5 7/8%
|
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