KEGOC placed 9.7 billion bonds at face value

English

On 28 May 2020 KEGOC successfully placed 9.7 billion bonds via Kazakhstan Stock Exchange (KASE) with a total amount of KZT 9.03 billion and 12% yield per annum. 

The securities were placed as part of the first bond issue of the second bond programme of the company with a total amount of KZT 80 billion. Payback period: 15 years. 89.6 % of bonds were bought by the second-tier banks, 9.9 %, by other institutional investors, and 0.5% by other legal entities.

The funds raised will be used for implementation of the investment projects: “Rehabilitation of 220-500 kV OHTLs at KEGOC’s branches” and “West Kazakhstan Electricity Transmission Reinforcement Project. 

Rehabilitation of overhead power lines will ensure reliable operation of electric networks, optimize the electricity costs for consumers, and increase the efficiency of KEGOC’s operations. Construction of the new power grid facilities will enhance the reliability of power supply to consumers in Zone West of the Unified Power System of Kazakhstan.

The projects also have important social impact through creation of additional jobs for the period of construction. This, in turn, will have a positive impact on development of the real sector of the economy, increase employment and welfare of the population, and increase tax payments to the local budgets.

 

KEGOC is the System Operator of the Unified Power System of Kazakhstan, and it owns and manages the assets of the National Power Grid (NPG). The company operates as the natural monopoly. It owns about 27,000 km of 220-1150 kV electricity transmission lines and 80 electrical substations with 36.0 GVA of installed transformer capacity. These lines and substations form the backbone national power grid. The company employs more than 4.7 thousand people. More detailed information about the Company is available at its corporate website: www.kegoc.kz.