QazaqGaz plans buyback of 2027 Eurobonds, new issuanceKazakhstan’s national gas operator QazaqGaz is planning a new issue of 10-year U.S. dollar-denominated Eurobonds, with investor meetings set to begin Monday, according to Halyk Finance, the Kazakh lead manager for the transaction.The notes are expected to be issued under Regulation S and Rule 144A and are anticipated to be rated Baa2 by Moody’s and BB+ by S&P.The company has mandated Citi and JPMorgan as joint global coordinators and joint bookrunners. MUFG and Oman Investment Bank will act as joint lead managers and joint bookrunners, while Halyk Finance will serve as Kazakh lead manager and Freedom Finance Global PLC as Kazakh co-manager. A global investor call is scheduled for April 27, followed by a series of investor meetings.Also, QazaqGaz has launched a tender offer to repurchase its Eurobonds maturing in 2027, which carry a coupon of 4.375% and have an aggregate nominal amount of $750 million, of which $706.32 million remains outstanding. The offer is for cash, with an early tender deadline of May 11 and an expiration date of May 15.QazaqGaz, a subsidiary of Sovereign Wealth Fund Samruk-Kazyna, manages Kazakhstan’s gas pipeline network, oversees domestic and international gas sales, and develops gas transportation and storage infrastructure. (ICE ALMATY)

Fonte notizia: INTERFAX