Kazakhstan Chamber of Commerce in the USA


KazMunaiGas begins roadshow in U.S., Europe before possible debt issue 0

Posted on November 01, 2014 by KazCham

Business Intelligence from Colibri Law Firm: Issue #96

Kazakhstan’s state oil and gas company KazMunaiGas (KMG) said on Thursday it had begun a roadshow in Europe and the United States for a possible debt issue denominated in dollars. KMG has mandated Citi, Credit Suisse, Deutsche Bank and UBS as joint lead managers and joint bookrunners, and SkyBridge Invest and Kazkommerts Securities as Kazakh lead managers and Kazakh bookrunners, the company said in a statement published by the Kazakhstan Stock Exchange.

It said it was looking to issue senior unsecured debt in U.S. dollars, but gave no volume, adding that a final decision on this transaction would depend on market conditions.

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