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KEGOC places green bonds totaling KZT 16.1 billion

On December 21, 2022, the "green" bonds of KEGOC JSC were successfully placed on the trading platform of Kazakhstan Stock Exchange JSC (KASE) with a total volume of KZT 16.1 billion with a margin of 3%.

The securities were placed as a part of the first bond issue of the second KZT 35 billion bond programme of the company with a maturity until 2035. The bid-to-cover amounted to 70.2%, which reflects the increased interest of investors in the bonds of KEGOC. The investors include banks with 50.4% of the total number, and other institutional investors with 49.6%.

The raised funds are intended to finance investment projects: Rehabilitation of 220-500 kV OHTLs at KEGOC’s branches and West Kazakhstan Electricity Transmission Reinforcement Project. Construction of Power Grid Facilities.

Rehabilitation of overhead power lines will ensure reliable operation of power grids; allow optimizing the costs of electric energy consumers; and increase efficiency of KEGOC operations. The construction of new power grid facilities will improve the reliability of power supply to consumers in Zone West of the Unified Power System of Kazakhstan.

The projects are also of great social importance - additional jobs will be created during construction period. This in turn will have a positive impact on the development of the real economy, increase employment and welfare of the population, as well as increase tax payments to budgets.

For reference:

KEGOC acts as the System Operator of the Unified Power System of the Republic of Kazakhstan, owns and manages the assets of the National Power Grid (NPG). The core operations relate to the sphere of natural monopoly. The Company has about 27,000 km of 220-1150 kV transmission lines and 81 electrical substations with an installed transformer capacity of over 38.7 GVAall of which comprises the NPG. The Company employs over 4,700 people. More detailed information about the Company is available on its corporate website: www.kegoc.kz.


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