Kazakhstan’s Zhaikmunai ups notes coupon to 9½%, extends until 2033

By Susanna Moon

Chicago, May 2 – Nostrum Oil & Gas plc’s subsidiary Zhaikmunai LLP said it amended its 6 3/8% senior notes due Feb. 14, 2019 and 7 1/8% senior notes due Nov. 13, 2019 and pushed out the maturities until 2033.

The coupon on both series of notes will increase to 9½% from Feb. 19.

The maturity date will be Jan. 14, 2033 for the 6 3/8% notes and June 25, 2033 for the 7 1/8% notes.

The remaining guarantors will be Nostrum Oil & Gas plc, Nostrum Oil & Gas BV, Nostrum Oil & Gas Cooperatief UA and Nostrum Oil & Gas Finance BV.

The notes may be redeemed at par plus accrued interest at any time.

Uralsk, Kazakhstan-based Nostrum is an oil and gas exploration and production company that has interests in northwestern Kazakhstan.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.