<<   >>

November 25, 2012

Joint Lead Manager for $560 MM 7-year debut benchmark Eurobond issue of Zhaikmunai International B.V. in November 2012

Halyk Finance has once again proved its unrivalled position in delivering timely innovative solutions to its clients. Zhaikmunai Group has prominently managed its outstanding liabilities through a repurchase of $347.6 MM of Zhaikmunai LLP’s $450 MM 10.5% Eurobond due October 2015 (or 77% of this issue’s total nominal amount) financed by issuance of a new 7-year debut benchmark  Eurobond issue of Zhaikmunai International B.V. at a YTM of just 7.125%, which is the lowest level of the final price guidance of 7.125%-7.25% revised down from an initial price guidance of 7.25%-7.50% on the back of a hefty investor interest.  Halyk Finance has successfully executed Zhaikmunai Group’s debut liabilities management transaction, which has set a prominent liability management benchmark for all Kazakhstan’s private corporate issuers.

<<   >>