Central Asia
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A total of 12 banks have participated in the $3bn loan for Tengizchevroil (TCO), the Kazakh oil field joint venture. Banks could choose from a range of ticket sizes. -
Kazakhstani crude oil company Tengizchevroil (TCO) has picked a raft of banks to manage a debt sale that will help to finance a $36.8bn expansion project.
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Kazkommertsbank, the largest bank in Kazakhstan, intends to buy back up to $300m of its outstanding euro and dollar bonds via auction.
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The Korea Exchange (KRX) has set its sights on Uzbekistan, as the Asian regulator takes another step forward in its plan to draw overseas companies to list on its markets.
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A multi-billion dollar project finance loan for Tengizchevroil (TCO), a Kazakh oil field joint venture, is finally being arranged, said four bankers this week.
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Vitol-KazMunaiGas has received more than $3.5bn in commitments from lenders for its prepayment facility loan.
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Four banks underwrote the $3bn prepayment facility for Swiss commodity trader Vitol to buy oil from Kazakhstan's KazMunaiGas (KMG).
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Kazagro on Monday launched a consent solicitation for its euro denominated 2019s and dollar denominated 2023s, asking to change some of its leverage covenants.
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In this round-up, Chinese premier Li discussed RMB foreign exchange volatility with IMF's Lagarde, the Asian Infrastructure Investment Bank formally launched, a new A-shares exchange traded fund launched in Hong Kong, while a survey found Hong Kong retail investors fear RMB volatility most for 2016, and Tajikistan activated its currency swap line with China. Plus, a recap of GlobalRMB's top stories this week.
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Bankers are hoping for some busy Kazakhstan deal flow as the Tengizchevroil (TCO) oil consortium holds discussions for an unsecured corporate loan of several billion dollars.
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Oil trader Vitol is syndicating a $3bn loan with a margin of 185bp and should complete the deal by the end of the month, according to a banker involved.
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Kazmunaigas (KMG) is repurchasing $3.4bn of bonds across its outstanding 2043s, 2044s, 2023s, 2025s, 2020s and 2021s.
