KMG won the Cbonds Awards CIS 2021
KazMunayGas won the Cbonds Awards CIS 2021 in the Best Primary Placement Deal (Kazakhstan) category. The award was given for the successful placement of 12.5-year Eurobonds for 750 million US dollars (yield – 3.5% per annum, maturity date – 14 April 2033). The bond proceeds were used by the company for the early repayment of Eurobonds for 907 million US dollars due in 2022 and 2023.
It should be noted that the yield on issued Eurobonds is historically lowest for KMG and among CIS issuers for newly issued Eurobonds with a tenor exceeding 10 years.
Cbonds is a news agency specialising in financial markets. Cbonds Awards CIS is an annual ceremony since 2014, where the best participants of the CIS bond market are awarded. Award winners are qualified by an open vote from among bond market participants. The awards had 13 categories in 2021.