KazMunaiGas considering a Eurobond issue

KazMunaiGas, Kazakhstan’s National Oil and Gas Company, is to meet prospective investors in the UK, the USA and within Kazakhstan to issue Eurobonds, Newskaz.ru reports, citing the company’s statement published at the Kazakhstan’s Stock Exchange website. According to the statement, the Company has turned to Bank of America Merrill Lynch, Barclays, Halyk Finance and VISOR Capital to arrange meetings with prospective investors to be held starting from April 16. Further decisions on the issue will hinge on the market conditions, the statement reads. KazMunaiGas owns 44 onshore oil and gas fields in Mangistau and Atyrau oblasts in the West of Kazakhstan. The Company is responsible for 65% of all crude shipped via pipelines, 100% of all the shipped gas and 50% of crude carried by tankers.