OREANDA-NEWS. National operator JSC “KazTransGas” redeemed in advance syndicated loan in the amount of 400 mln USD (obtained from international investment banks Citibank, ING Bank and Natixis).

JSC “KazTransGas” under works on early repayment of debts in foreign currency has previously performed back redemption of Euro bonds for the amount of 270 mln USD. It should be noted that the deal on cash back redemption of Euro bonds is unique for Kazakhstani market and domestic companies have not previously closed such deals.

Thus, in 2015, JSC “KazTransGas” successfully closed certain deals oriented at reduction of debt load. In the result, they managed to reduce debt liabilities three times – from 1 bln USD to 300 mln USD. The reduction of currency liabilities and currency risk leveling shall be the indicator of effective use of finance resources and smart financial management.     

JSC «KazTransGas» is the national gas and gas supply operator of Kazakhstan. Group of JSC «KazTransGas» includes enterprises and organizations producing, transportating and selling gas and gas products.