The result announcement, published through RNS, closes the early leg of the tender opened on 19 August. Notes tendered after the early time "will not be accepted for purchase": the cap is full, and the window that formally runs to 18 September has nothing left to buy.
The coupon retired is $26.9 million a year.
The price is the one set in August, $1,012 per $1,000 of principal for early tenders, so the $500 million costs about $506 million before accrued interest. Of the $1.25 billion issue, $750 million stays outstanding to April 2030.
The coupon retired is $26.9 million a year. KazMunayGas priced its 3.5 billion yuan bond on 26 August at 2.3% for 5 years and 2.8% for 10; the coupons on that paper come to about $13.5 million a year at the 1 September cross rate, on a sum, $521 million, almost equal to the buyback. The company has not paired the two operations in any statement the desk has read; the yuan bond was scheduled to settle on 2 September, and the dollar notes settle two days later.
For the notes still out, the late window's $982 is a price on paper: the company will not buy.
