Kazakhstan’s Intergas gets tenders for $142.2 million 6 3/8% notes

By Susanna Moon

Chicago, March 23 – JSC Intergas Central Asia said investors had tendered $142,199,000 of the $270 million outstanding 6 3/8% notes due 2017 issued by Intergas Finance BV.

Intergas accepted for purchase all of the notes tendered in the offer, according to a company press release.

After settlement on March 30, there will be $127,801,000 of the notes left outstanding.

As announced Feb. 24, the company was tendering for up to $100 million of the notes until 11:59 p.m. ET on March 22.

The company said on March 9 that holders had tendered $142,099,000 of the notes as of 5 p.m. ET on March 8, the early tender date, and increased the tender cap to $150 million principal amount of notes.

The total purchase price will be $1,025 for each $1,000 principal amount of notes tendered by the early tender deadline.

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

Holders who tendered 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 purpose of the offer was to streamline the company’s debt structure, the company previously said.

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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