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US$ 560 MILLION BOND ISSUER SUBSTITUTION
US$ 560 MILLION BOND ISSUER SUBSTITUTION.
About this update from Nostrum Oil & Gas Plc
[{"type":"text","content":"\n \nRNS Number : 9503C Zhaikmunai LP 23 April 2013 \n\nZHAIKMUNAI L.P.: \nUS$ 560 MILLION BOND ISSUER SUBSTITUTION AND KASE LISTING\n \n \nAmsterdam, 23 April 2013. Zhaikmunai L.P. (LSE: ZKM) (\"Zhaikmunai\"), the oil and gas exploration, development and production business, announces its intention to effect the substitution of Zhaikmunai LLP as the issuer, in place of Zhaikmunai International B.V., of the notes issued on 13 November 2012. This substitution was planned at the time of the original issue and was described in the offering memorandum dated 6 November 2012.\n \nOn 13 November 2012 Zhaikmunai International B.V., successfully issued a US$560 million senior bond with a 13 November 2019 maturity and a fixed coupon of 7.125% per annum (the \"Notes\"). The Notes were admitted to the Official List and trading on the Global Exchange Market, which is the exchange regulated market of the Irish Stock Exchange. On 2 April 2013, 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 took place on 4 April 2013.\n \nFollowing the listing of the Notes on the KASE, Zhaikmunai International B.V. and the existing guarantors of the Notes (including Zhaikmunai LLP) intend to enter into a supplemental indenture, as provided for and pursuant to Section 4.15 of the indenture governing the Notes, under which Zhaikmunai LLP will assume all of the original issuer's obligations under the Notes and Zhaikmunai International B.V. will be released from its obligations under the Notes as the issuer and will become a guarantor of the Notes. The Notes also continue to be admitted to the Official List and trading on the Global Exchange Market, which is the exchange regulated market of the Irish Stock Exchange.\n \nThe remaining notes due 2015 of Zhaikmunai LLP (which were admitted to the Official List of the Luxembourg Stock Exchange and admitted for trading on the Luxembourg Stock Exchange's Euro MTF market in 2010 and listed on the KASE in 2011) are unaffected by the substitution.\n \nJSC \"Halyk Finance\" (Almaty) acted as financial advisor to Zhaikmunai LLP in connection with the substitution and the KASE listing.\n \nJan-Ru Muller, CFO of Zhaikmunai, commented:\n\"This substitu...