29 April 2026 JSC National Company QazaqGaz has successfully priced US$700 million Eurobonds with a 10-year tenor.
The RegS/144A Eurobonds were issued with a coupon rate of 5.625% per annum. The Eurobonds have been listed on the Vienna Stock Exchange, the Astana International Exchange (AIX) and the Kazakhstan Stock Exchange (KASE).
The Eurobonds were rated Baa2 by Moody’s and BB+ by S&P Global Ratings, in line with QazaqGaz’s corporate credit ratings.
Citi and J.P. Morgan acted as Joint Global Coordinators and Joint Bookrunners, alongside MUFG and Oman Investment Bank as Joint Lead Managers and Joint Bookrunners, with Halyk Finance as Kazakhstan Lead Manager and Freedom Finance as Kazakhstan Co-Manager.
The National Company intends to use the proceeds from the issuance to refinance its US$706 million Eurobonds maturing in 2027.
