On August 2, 2019 – KazTransGas JSC announces the results of the procedure for obtaining the consent of Eurobond holders in the amount of 750,000,000 US dollars with a coupon rate of 4.375 per cent and a maturity date of 2027. Approval and consent obtained for the sale of up to 100 per cent of shares or assets of subsidiaries of KazTransGas Aimak JSC and KazTransGas Onimderi LLP.

Sales correspond to the Development Strategy of the Parent Company of NC KazMunaiGas JSC for Y2018/28 approved by the Board of Directors of NC KazMunaiGas JSC.

KazTransGas JSC expects that the sale of assets will reduce the level of consolidated debt by about 232 million US dollars. This fact would significantly improve the overall liquidity level and favorably affect financial performance.

The meeting, attended by 94.46 percent of bondholders, was held on August 1, 2019 at the London office of Baker & McKenzie LLP. Out of all voters, 97.28 per cent voted in favor of an extraordinary decision.