Commentary & Deal Flow

JSC National Company QazaqGaz (“QazaqGaz”), the wholly state-owned vertically integrated national gas operator in Kazakhstan, (country: Kazakhstan) rated Baa2 (Stable) by Moody’s, BB+ (Positive) by S&P and BB+ (Stable) by Fitch, has mandated Citi and J.P. Morgan as Joint Global Coordinators and Joint Bookrunners, MUFG and Oman Investment Bank as Joint Lead Managers and Joint Bookrunners, Halyk Finance as Kazakhstan Lead Manager and Freedom Broker as Kazakhstan Co-Manager to arrange a series of virtual fixed income investor calls commencing 27-Apr-26.

A 10-year US$ RegS / Rule 144A Senior Unsecured Guaranteed benchmark notes offering with an expected rating of Baa2 by Moody’s and BB+ by S&P will follow, subject to market conditions. FCA/ICMA stabilization applies.

Call Schedule:
Global Investor Call: 27-Apr-26 at 2pm UKT / 9am EST / 6pm Astana Time