Kazakh company fully repays obligations on Eurobonds
By Trend
Samruk-Energy JSC , the largest state multi-profile energy holding company in Kazakhstan, has fully repaid it’s $500 million, 5 year, 3.75 percent Eurobonds issued on December 20, 2012 and due 2017 (ISIN XS0868359166).
To optimize financial obligations, the company proceeded with a partial buyback of mentioned Eurobonds in the amount of $80 million on Sept.20, 2017, the company reported.
The company has repaid in full outstanding obligations on Eurobonds above to the total amount $420 million on December 20.
The company announced that redemption of Eurobonds let Samruk-Energy JSC to diversify and optimize the loan portfolio, significantly reduce FX and credit risks, as well as to improve financial stability indicators.
The installed capacity of "Samruk-Energy" JSC power plants made 6,804 MW in 2016, representing 31 percent of the total installed capacity of power plants of Kazakhstan.
The electricity generation volumes made 22,485 million kWh, which is 24 percent of the total electricity production across Kazakhstan for 2016
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