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JSC NC KTZ placed five-year Eurobonds in the amount of 170 million Swiss francs at 3.25% per annum

«ҚТЖ» ҰК» АҚ жылдық 3,25% болатын 170 млн. швейцарлық франк сомасында бесжылдық еурооблигацияны орналастырды

On December 5, 2018, JSC NC KTZ "made a deal on placement of five-year Eurobonds in the amount of 170 million Swiss francs with a yield to maturity and a coupon of 3.25% per annum. The size of more than 100 million Swiss francs is significant for the Swiss market. Despite the strong volatility in the international capital markets, the company was able to successfully strengthen its presence in the Swiss corporate bond market. Both large institutional investors of Switzerland and clients of private banks took part in the issue. About 30 investors invested in the company's bonds, which demonstrated the wide popularity and reliability of JSC NC KTZ.

As explained Deputy Chairman of the Board of Finance of JSC NC KTZ Zhaslan Madiyev, this issue was carried out for early refinancing of Bank loans in US dollars. The placement of Eurobonds in Swiss francs corresponds to the foreign exchange earnings from the transit of goods. This will reduce currency risks and balance the debt repayment profile, thus reducing the burden of servicing the company's short-term liabilities.

JSC NC KTZ intends to continue the program to reduce currency risks and debt burden in General.

The new issue of Eurobonds of JSC NC KTZ was assigned credit ratings at the level of the Issuer BBB- (Fitch) / Baa3 (Moody's).

JSC NC KTZ is a vertically integrated transport and logistics holding with 100% state participation in the capital.


The press-office of JSC NC Kazakhstan Temir Zholy