Nostrum Oil & Gas unit to redeem 6 3/8%, 7 1/8% senior notes due 2019

By Sarah Lizee

Olympia, Wash., Feb. 16 – Kazakhstan’s Nostrum Oil & Gas plc subsidiary Zhaikmunai LLP will redeem its 6 3/8% senior notes due 2019 and its 7 1/8% senior notes due 2019 on Feb. 17, according to a London Stock Exchange notice.

The 6 3/8% notes will be redeemed at par plus accrued interest up to but excluding the redemption date.

The 7 1/8% notes will be redeemed at 101.78125 plus accrued interest up to but excluding the redemption date.

Nostrum is an Uralsk, Kazakhstan-based oil and gas exploration and production company.

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