SKYBRIDGE INVEST STARTS COLLECTING ORDERS UNDER KAZTRANSGAS EUROBONDS OFFERING
19.09.17 14:58
/KASE, September 19, 2017/ – SkyBridge Invest (Almaty), the lead manager in
Kazakhstan for the planned KazTransGas (Astana) Eurobonds issue, has provided
Kazakhstan Stock Exchange (KASE) with the following notice:
quote
Hereby, SkyBridge Invest announces starting to collect orders from members of
Kazakhstan Stock Exchange (KASE) for participating in the initial offering of
KazTransGas (the Issuer) Eurobonds.
All orders from investors are accepted through the trading system "Subscription"
on KASE.
Acceptance of orders from prospective investors on Kazakhstan's regulated
market will start simultaneously with the offering of the Eurobonds on the
territory of a foreign state, and on the same terms of Eurobonds pricing, as
during their offering on the territory of a foreign state, taking into account
possible specifics inherent to the relevant securities markets.
Citigroup Global Markets Limited, ING Bank N.V., London Branch, VTB Capital
plc act as joint lead managers and joint book-runners, and SkyBridge Invest acts
the lead manager in Kazakhstan on KASE.
BONDS' PARAMETERS:
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Issuer name: KazTransGas
Short description of bonds: global Bonds of senior, unsecured debt
issued according to Rule144А and Reg S
of the US Securities Act
Nominal amount: will be determined upon end of order collection
Face value of one security USD200,000 (two hundred), or the higher face
value dividable by USD1,000 (one thousand)
Listing: KASE and ISE (Irish Stock Exchange)
Expected maturity: up to 10 years
Indicative yield at offering around 4.70% (subject to possible review)
Expected ratings: Baa3 – Moody's / BBB- – Fitch
Guarantee: Intergas Central Asia
Issue currency: US dollar
Order price: the price in an order is represented by the yield
to maturity expressed in annual percentage.
In case of market orders the price is
represented by the "market yield"
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PROCEDURE OF OFFERING OF BONDS IN KAZAKHSTAN:
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Order collection day: September 19, 2017
Order collection start time: 14:00 o'clock (Almaty time)
Order collection end time: 20:00 o'clock (Almaty time)
Expected date of price September 19, 2017 (London time)
and amount fixing:
Expected settlement date: September 26, 2017
Date of determining September 19, 2017 (London time)
executed orders:
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Terms of settlement on Eurobonds:
Submitting a purchase order, the buyer thus confirms the availability of
operational trade facilities involving one of the counterparts below:
• Citigroup Global Markets Limited
• ING Bank N.V.
• VTB Capital plc
• SkyBridge Invest
In case of satisfaction of a submitted purchase order, the responsibility for
execution (settlement) rests with the trade participant who submitted the
purchase order.
With queries, as well as for additional information, please contact the
following representative of the Issuing Consortium:
Andrei Liu, tel. +7 727 331 33 50 (ext. 242), e-mail: lyu@sbinvest.kz
Denis Kim, tel. +7 727 331 33 50 (ext. 317), e-mail: kim@sbinvest.kz
The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States of America. The materials
do not constitute an offer of securities for sale in the United States. The
securities and the guarantee discussed herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the "U.S.
Securities Act") and the securities may not be offered or sold in the United
States of America absent registration or an exemption from registration as
provided in the U.S. Securities Act, and the rules and regulations thereunder.
The securities are being offered and sold (i) outside the United States pursuant
to Regulation S and (ii) inside the United States to qualified institutional
buyers ("QIBs") within the meaning of Rule 144A under the U.S. Securities Act.
No public offering of securities is being or will be made in the United States
of America.
This communication does not constitute an offer of securities to the public in
the United Kingdom. Consequently, this communication is directed only at (i)
persons who are outside the United Kingdom, (ii) persons who have professional
experience in matters relating to investments falling within Article 19(1) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(the "Order"), (iii) high net worth entities falling within Article 49(2) of
the Order and (iv) other persons to whom it may lawfully be communicated (all
such persons together being referred to as "relevant persons"). Any investment
activity to which this communication relates will only be available to, and
will only be engaged with, relevant persons. Any person who is not a relevant
person should not act or rely on this document or any of its contents.
A rating is not a recommendation to buy, sell or hold securities and may be
subject to revision, suspension or withdrawal at any time by the assigning
rating organization. Similar ratings for different types of issuers and on
different types of notes do not necessarily mean the same thing. The
significance of each rating should be analysed independently from any other
rating.
unquote
[2017-09-19]