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    Reuters: KazMunaiGas begins roadshow in U.S., Europe before possible debt issue

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KazMunaiGas (KMG) has begun a roadshow in Europe and the United States for a possible debt issue denominated in dollars.

by: Sruthi

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Reuters: KazMunaiGas begins roadshow in U.S., Europe before possible debt issue

Kazakhstan's state oil and gas company KazMunaiGas (KMG) said on Thursday it had begun a roadshow in Europe and the United States for a possible debt issue denominated in dollars.

KMG has mandated Citi, Credit Suisse, Deutsche Bank and UBS as joint lead managers and joint bookrunners, and SkyBridge Invest and Kazkommerts Securities as Kazakh lead managers and Kazakh bookrunners, the company said in a statement published by the Kazakhstan Stock Exchange.

It said it was looking to issue senior unsecured debt in U.S. dollars, but gave no volume, adding that a final decision on this transaction would depend on market conditions.

Last year, KMG raised $3 billion via two Eurobond tranches, part of its borrowing programme of up to $10.5 billion.
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