KazMunaiGaz places Eurobonds for $1.5 billion
Edited by Rhod Mackenzie / 2014-11-10 10:53:13
KazMunaiGaz (KMG) has completed a deal on placement of eurobonds to the total amount of $1.5 billion, the press centre of the company reports.
The rate of return for the amount of $500 million for 10.5-year tranche makes up 4.95%, the rate of return for the amount of $1 billion for 30-year tranche is 6.10%. The Reg S/144A eurobonds were issued with a coupon rate of 4.875% per annum on the 10.5-year tranche and with a coupon rate of 6.000% per annum over the 30-year tranche. The eurobonds received ratings of BBB (Fitch) / BBB- (Standart & Poors) / Baa3 (Moody's).
