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Issuer Substitution and KASE Limited
Issuer Substitution and KASE Limited.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \n\n\n\n\n\nRNS Number : 0917C Zhaikmunai LP 01 March 2011 \n \n\n \n1 March 2011\nZhaikmunai L.P.\n \n \nUS$450 MILLION BOND ISSUER SUBSTITUTION AND KASE LISTING\n \n \nZhaikmunai L.P. (LSE: ZKM) (\"Zhaikmunai\"), the oil and gas exploration, development and production business, is pleased to announce the coming into effect of the substitution of Zhaikmunai LLP as the issuer, in place of Zhaikmunai Finance B.V., of the notes issued on 19 October 2010. This substitution was planned at the time of the original issue and was described in the offering memorandum dated 19 October 2010.\n \nOn 19 October 2010 Zhaikmunai Finance B.V., currently a subsidiary of Zhaikmunai LLP, successfully issued a US$450 million senior bond with a 19 October 2015 maturity and a fixed coupon of 10.50% per annum (the \"Notes\"). The Notes were listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market. On 28 January 2010, the Kazakhstan Stock Exchange (KASE) approved the admission of the Notes to the \"rated debt securities\" category of the official list of the KASE. The listing of the Notes on the KASE became effective from 24 February 2011.\n \nFollowing this approval, on 28 February 2011, Zhaikmunai Finance B.V. and the existing guarantors of the Notes (including Zhaikmunai LLP) entered into a supplemental indenture, as provided for and pursuant to Section 4.15 of the indenture governing the Notes, under which Zhaikmunai LLP assumed all of the original issuer's obligations under the Notes and Zhaikmunai Finance B.V. was released from its obligations under the Notes as the issuer. It is expected that the Notes will be admitted to trading on the \"rated debt securities\" category of the official list of the KASE on 2 March 2011. The Notes also continue to be listed on the Official List of the Luxembourg Stock Exchange and admitted to trading on the Euro MTF Market. \n \nJSC \"Halyk Finance\" (Almaty) acted as financial advisor to Zhaikmunai LLP in connection withthe KASE listing.\n \nJan-Ru Muller, Group CFO, said:\n \n\"We are very pleased that Zhaikmunai bonds are now listed on the Kazakhstan Stock Exchange. In addition to being present on international financial markets via the stock exchanges in London and Luxembourg, Zhaikmunai is...