Kazakhstan's Tengizchevroil to tap international markets

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By Mariam Meskin
13 Jul 2020

Kazakhstani crude oil company Tengizchevroil held an investor call on Monday ahead of its first entry into debt capital markets since 2016. The bond will add to the company's existing balance sheet, which has billions of dollars of outstanding loans and bonds up for redemption in coming years.

One investor said that the deal may be priced by Wednesday.

The oil company is seeking five and 10 year bonds, according to one source. 

The oil company is jointly owned by the US's Chevron and ExxonMobil, Kazakhstan's KazMunaiGas and Russia's Lukoil. Chevron has a 50% stake in the company.

The ...

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