"KazTransGas" JSC has successfully completed the deal on the partial repurchase of bonds in the international capital markets, which were released in 2007. Repurchase was done by means of a public offer to purchase (Cash only tender offer) to holders of Eurobonds in the total nominal amount of 270 000 000 (two hundred and seventy million US dollars).
The dealer managers for the repayment of bonds were «Citigroup Global Markets Limited», «ING Bank N.V., London Branch”) and “Natixis Securities Americas LLC.
A Successful completion of the transaction allowed the company to optimize its debt, reduce foreign exchange risks and reduce the cost of servicing the debt. The partial repurchase of Eurobonds in advance demonstrates a financial stability and the effectiveness of policies for liquidity management. Positive economic impact will be about 3 billion KZT.
"KazTransGas" JSC is planning to buy out the balance of the bonds in the nearest future.
"KazTransGas" JSC - the national operator of Kazakhstan in the sphere of gas and gas supply. The group of companies "KazTransGas" JSC includes mining, transporting and selling gas and refined products of businesses and organizations.
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