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National Company KazMunayGas announces consent solicitation offer in respect of four issues pf international bonds

01.03.2019

JSC NC "KAZMUNAYGAS" AND KAZMUNAIGAZ FINANCE SUB B.V. ANNOUNCE:

  • CONSENT SOLICITATION IN RESPECT OF THE U.S.$500,000,000 3.875% NOTES DUE 2022, U.S.$1,000,000,000 4.40% NOTES DUE 2023, U.S.$1,000,000,000 4.75% NOTES DUE 2027 AND U.S.$1,250,000,000 5.75% NOTES DUE 2047; AND
  • TENDER OFFER AND CONSENT SOLICITATION IN RESPECT OF THE U.S.$1,000,000,000 6.0% NOTES DUE 2044, OF WHICH U.S.$30,112,000 REMAINS OUTSTANDING,

IN EACH CASE ISSUED BY JSC NC "KAZMUNAYGAS" UNDER THE GLOBAL MEDIUM TERM NOTE PROGRAMME OF JSC NC "KAZMUNAYGAS" AND KAZMUNAIGAZ FINANCE SUB B.V.

The Solicitation:

JSC NC "KAZMUNAYGAS" (the "Issuer") and KazMunaiGaz Finance Sub B.V. ("KMG Finance") today announce their invitation to each holder of:

  • S.$500,000,000 3.875% Notes due 2022 (Reg S ISIN: XS1595713279; Rule 144A ISIN: US48667QAM78) (the "2022 Notes") of which U.S.$500,000,000 remains outstanding;
  • S.$1,000,000,000 4.40% notes due 2023 (Reg S ISIN: XS0925015074; Rule 144A ISIN: US46639UAA34) (the "2023 Notes") of which U.S.$406,564,000 remains outstanding;
  • S.$1,000,000,000 4.75% Notes due 2027 (Reg S ISIN: XS1595713782; Rule 144A ISIN: US48667QAN51) (the "2027 Notes") of which U.S.$1,000,000,000 remains outstanding; and
  • S.$1,250,000,000 5.75% Notes due 2047 (Reg S ISIN: XS1595714087; Rule 144A ISIN: US48667QAP00) (the "2047 Notes") of which U.S.$1,250,000,000 remains outstanding,

to consent to certain proposed amendments (the "Proposed Amendments") being sought (the "Solicitation") to (i) the terms and conditions of the 2022 Notes, (ii) the terms and conditions of the 2023 Notes, (iii) the terms and conditions of the 2027 Notes, (iv) the terms and conditions of the 2047 Notes and (v) the provisions of the trust deeds constituting the 2022 Notes, the 2023 Notes, the 2027 Notes and the 2047 Notes, all as more fully described in Consent Solicitation Memorandum (as defined below) (the "Proposal").

Full press release is available at the following link

JSC NC KazMunayGas

JSC NC "KAZMUNAYGAS" AND KAZMUNAIGAZ FINANCE SUB B.V. ANNOUNCE:

  • CONSENT SOLICITATION IN RESPECT OF THE U.S.$500,000,000 3.875% NOTES DUE 2022, U.S.$1,000,000,000 4.40% NOTES DUE 2023, U.S.$1,000,000,000 4.75% NOTES DUE 2027 AND U.S.$1,250,000,000 5.75% NOTES DUE 2047; AND
  • TENDER OFFER AND CONSENT SOLICITATION IN RESPECT OF THE U.S.$1,000,000,000 6.0% NOTES DUE 2044, OF WHICH U.S.$30,112,000 REMAINS OUTSTANDING,

IN EACH CASE ISSUED BY JSC NC "KAZMUNAYGAS" UNDER THE GLOBAL MEDIUM TERM NOTE PROGRAMME OF JSC NC "KAZMUNAYGAS" AND KAZMUNAIGAZ FINANCE SUB B.V.

The Solicitation:

JSC NC "KAZMUNAYGAS" (the "Issuer") and KazMunaiGaz Finance Sub B.V. ("KMG Finance") today announce their invitation to each holder of:

  • S.$500,000,000 3.875% Notes due 2022 (Reg S ISIN: XS1595713279; Rule 144A ISIN: US48667QAM78) (the "2022 Notes") of which U.S.$500,000,000 remains outstanding;
  • S.$1,000,000,000 4.40% notes due 2023 (Reg S ISIN: XS0925015074; Rule 144A ISIN: US46639UAA34) (the "2023 Notes") of which U.S.$406,564,000 remains outstanding;
  • S.$1,000,000,000 4.75% Notes due 2027 (Reg S ISIN: XS1595713782; Rule 144A ISIN: US48667QAN51) (the "2027 Notes") of which U.S.$1,000,000,000 remains outstanding; and
  • S.$1,250,000,000 5.75% Notes due 2047 (Reg S ISIN: XS1595714087; Rule 144A ISIN: US48667QAP00) (the "2047 Notes") of which U.S.$1,250,000,000 remains outstanding,

to consent to certain proposed amendments (the "Proposed Amendments") being sought (the "Solicitation") to (i) the terms and conditions of the 2022 Notes, (ii) the terms and conditions of the 2023 Notes, (iii) the terms and conditions of the 2027 Notes, (iv) the terms and conditions of the 2047 Notes and (v) the provisions of the trust deeds constituting the 2022 Notes, the 2023 Notes, the 2027 Notes and the 2047 Notes, all as more fully described in Consent Solicitation Memorandum (as defined below) (the "Proposal").

Full press release is available at the following link

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