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JSC NC KTZ placed U.S $780 million ten-year Eurobonds at yield of 4.8% per annum

This issuance was implemented to finance the repurchase of existing Eurobonds of the Company with a maturity in 2020, the coupon rate for which was 6.375% per annum.

The high credit quality of the issuer and effective placement structure (including provision on mandatory early redemption of bonds in 2020) have provided significant interest on the part of both existing and new investors.

This allowed reaching primary orders in excess of $ 1.8 billion and a final yield of 4.8% per annum, which is the historical minimum of yield on Eurobonds of JSC NC KTZ and reflects the minimal premium to the yield of sovereign Eurobonds of the Republic of Kazakhstan.

 The final placement volume of $ 780 million made it possible to redeem and prepay the 2020 bonds in full, thus substantially reducing the load on servicing and repaying short-term liabilities of the Company.

Final placement volume of $ 780 million made it possible to redeem and prepay the 2020 bonds in full, and substantially reduced the load on servicing and repaying short-term liabilities of the Company.

The new issue of JSC NC KTZ Eurobonds was assigned credit ratings at the issuer rating level (BBB- (Fitch) / Baa3 (Moody's)). Global coordinators for the transaction were J.P.Morgan and Renaissance Capital, book runners Halyk Finance and MUFG.

JSC NC KTZ is a vertically integrated transport and logistics holding company with 100% state participation in the capital.

Press-office of JSC NC KTZ

 






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