Kazakhstan

Lenders in the $260m syndicated loan for Kaz Minerals have agreed to waive the net debt to Ebitda covenant in the deal for another year as lower copper prices weigh on earnings for the Kazakh mining firm.

Kazakhstan is looking to lure foreign capital to offset the impact of falling commodity prices and low growth. The flotation of Air Astana for up to $1bn may attract investors who have steered clear of the central Asia economy

Kazakhstan

Kazakhstani crude oil company Tengizchevroil (TCO) pulled in pricing 50bp from initial guidance on Wednesday to print its $1bn 2026s only 10bp over the Kazakhstan sovereign, according to a bookrunner on the deal.

Kazakhstani crude oil company Tengizchevroil (TCO) has released price guidance for its $1bn 10 year bond at 300bp over US Treasuries, a level that one analyst called fair.

Lead managers on the bond for Kazakhstani crude oil company Tengizchevroil (TCO) on Tuesday confirmed that the deal would be a $1bn 10 year note.

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.

Kazkommertsbank, the largest bank in Kazakhstan, intends to buy back up to $300m of its outstanding euro and dollar bonds via auction.

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.

Vitol-KazMunaiGas has received more than $3.5bn in commitments from lenders for its prepayment facility loan.

Four banks underwrote the $3bn prepayment facility for Swiss commodity trader Vitol to buy oil from Kazakhstan's KazMunaiGas (KMG).