News and analysis from Kazakhstan - Mar 19th 2010
business and economy
Eurobond holders approve Alliance Bank restructuring
(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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