KEGOC placed bonds with total amount of KZT 8.6 billion

English

On 27 January 2021 KEGOC successfully placed 8.9 billion bonds on Kazakhstan Stock Exchange JSC (KASE) for the amount of KZT 8.6 billion with weighted average yield to maturity of 11.6161 % per annum.

The securities were placed under the first bond issue of the second bond programme of the issuer with total amount of KZT 80 billion. Payback period: 14.3 years. 22.6% of bonds were bought out by broker/dealer companies, 72.8%, by other institutional investors, and 4.6% by other legal entities.

The raised funds will be used for implementation of 'Rehabilitation of 220-500 kV OHTL at KEGOC branches' and 'West Kazakhstan Electricity Transmission Reinforcement Project'.

Rehabilitation of overhead transmission lines will ensure the reliability of the electrical network, optimize the cost of electricity for consumers, and enhance the operating efficiency of KEGOC. In addition, the construction of the new electric grid facilities will increase the reliability of electricity supply to consumers of Zone West of the Kazakhstan Unified Power System.

The project has a social importance because it will create additional jobs for construction and installation period. This, in turn, will positively influence the development of the real economic sector, increase employment and the well-being of the population and increase tax payments to budgets.

NB:

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 more 36.0 GVA of installed transformer capacity. These lines and substations form the NPG. The company employs more than 4.7 thousand people. More detailed information about the Company is available at its corporate website: www.kegoc.kz.