Press Releases

02.04.2019

Results of redemption and consent solicitation offer  in respect of international bonds

JSC NC “KazMunayGas” (the Company, KMG) and KAZMUNAIGAZ FINANCE SUB B.V. announce the results of the consent solicitation offer in respect of the international bonds.

On 27 February 2019 KMG and KAZMUNAIGAZ FINANCE SUB B.V. (KMG Finance) announced their address to each holder of:

- the U.S. $500,000,000 3.875% Notes due 2022 (ISIN Regulation S Global Note: XS1595713279; ISIN Rule 144A Global Note: US48667QAM78) (2022 Notes);

- the U.S. $1,000,000,000 4.40% Notes due 2023 (ISIN Regulation S Global Note: XS0925015074; ISIN Rule 144A Global Note: US46639UAA34) (2023 Notes);

- the U.S. $1,000,000,000 4.75% Notes due 2027 (ISIN Regulation S Global Note: XS1595713782; ISIN Rule 144A Global Note: US48667QAN51) (2027 Notes); and

- the U.S. $1,250,000,000 5.75% Notes due 2047 (ISIN Regulation S Global Note: XS1595714087; ISIN Rule 144A Global Note: US48667QAP00) (2047 Notes); 

with the request to provide their consent to making the proposed amendments (the Address) to (i) the terms and conditions (T&Cs) of the 2022 Notes, (ii) T&Cs of the 2023 Notes, (iii) T&Cs of the 2027 Notes, (iv) T&Cs of the 2047 Notes and (v) the provisions of the trust agreements, underlying the issues of the 2022 Notes, 2023 Notes, 2027 Notes and 2047 Notes, as described in more detail in the Consent Solicitation Memorandum (the Offer).

On 29 March 2019 the appropriate Extraordinary Resolutions were adopted in accordance with established procedure at the Meetings held, which are contained in the Notices of Meetings of 27 February 2019, in respect of the 2022, Notes, 2023, Notes, 2027 Notes and 2047 Notes.

Furthermore, on 27 February 2019 KMG and KMG Finance also announced the redemption and consent solicitation offer in respect of the U.S. $1,000,000,000 6.0% notes due 2044 (ISIN Regulation S Global Note: XS1134544151; ISIN Rule 144A Global Note: US48667QAK13) (2044 Notes), of which U.S. $30,112,000 notes remain active.

On 29 March 2019 an Extraordinary Resolution in respect of the 2044 Notes was adopted in accordance with established procedure at the Meeting held, which is contained in the Notice of Meeting of 27 February 2019. Accordingly, KMG and KMG Finance have received valid Redemption Orders and Order for Voting in favour of the 2044 Notes Amendment Offer (without presenting the Notes for redemption).

See the full text of the press release and appendices thereto using the following link.