Kazakhstan’s Intergas tenders for $100 million 6 3/8% notes due 2017

By Susanna Moon

Chicago, Feb. 24 – JSC Intergas Central Asia said it began a tender offer for up to $100 million of the $270 million outstanding 6 3/8% notes due 2017 issued by Intergas Finance BV.

The total purchase price will be $1,025 for each $1,000 principal amount of notes tendered by 5 p.m. ET on March 8.

The total amount includes an early tender premium of $15.00 per $1,000 principal amount.

Holders who tender their notes after the early deadline will receive $1,010 per $1,000 of notes, or the total payment less the early premium.

The company also will pay accrued interest.

The tender offer will end at 11:59 p.m. ET on March 22, with settlement slated for March 30. Tendered notes may be withdrawn by the early tender deadline.

The purpose of the offer is to streamline the company’s debt structure, according to a company press release.

If the offer is oversubscribed, the company said it will accept the tendered notes for purchase on a prorata basis.

Citigroup Global Markets Ltd. (+44 20 7986 8969, 800 558-3745, 212 723-6106 or liabilitymanagement.europe@citi.com) and VTB Capital plc (+44 203 334 8029 or Liability.Management@vtbcapital.com) are the dealer managers, and Citibank, NA, London Branch (+44 207 508 3867; e-mail: exchange.gats@citi.com) is the tender agent.

Intergas is a gas pipeline operator based in Astana, Kazakhstan.

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