business and economy

Eurobond holders approve Alliance Bank restructuring

By SRI ⋅ December 15, 2009 ⋅ Email This Post Email This Post ⋅ Print This Post Print This Post ⋅ Post a comment

(SRI) - Eurobond holders have approved the restructuring plan presented by Alliance Bank in an extraordinary meeting on December 11, according to a press release.

A meeting of all creditors will be held in Almaty on December 15 to approve the restructuring. According to Kazakh legislation, the approval requires creditors holding at least two thirds of Alliance’s debt to vote in favor.

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