debt
BTA Bank completes debt restructuring
(SRI) - BTA Bank, Kazakhstan’s third-largest lender, said on Wednesday it had completed the restructuring of its $16.7-billion debt, reducing its liabilities to $4.2 billion.
BTA to issue bonds to complete restructuring
(SRI) - BTA Bank, Kazakhstan’s third largest bank, will place nine bonds issues as part of its debt restructuring plan, the bank said in a statement.
Temirbank to return to profit in 2010 following successful debt restructuring
(SRI) - Temirbank, one of four Kazakh lenders which had defaulted in 2009, expects to post net profit of KZT2-3 billion ($13.6-20.4 million) this year, following the completion of its debt restructuring, its CEO Yerzhan Shaikenov said on Monday.
Almaty International Airport in talks over debt restructuring
(SRI) - Almaty International Airport is in talks with Amsterdam Trade Bank, a subsidiary of Russian Alfa Bank, over the restructuring of around $38 million of debt, Interfax reported.
BTA creditors approve restructuring plan
(SRI) - BTA Bank has won approval from its creditors to restructure its debt and reduce its liabilities from $12.2 billion to $4.4 billion, the bank said on Friday.
Halyk to repay domestic bonds early
(SRI) - Halyk Bank said on Wednesday it plans to repay early subordinated domestic bonds totaling KZT5 billion ($34 million) due to mature in 2018.
ENRC postpones Eurobond issue amid debt crisis in Europe
(SRI) - Kazakh mining group Eurasian Natural Resources Corporation (ENRC) has delayed its Eurobond sale amid worries over the deepening debt crisis in Europe, Bloomberg reported.
BTA plans to finalize restructuring by September
(SRI) - BTA Bank, Kazakhstan’s embattled lender, said it plans to complete the restructuring of its $12.2-billion debt by September, as creditors are expected to approve the proposed debt restructuring plan on May 28.
BTA creditors’ meeting to be held on May 28
(SRI) - BTA Bank creditors’ meeting will be held on May 28 in Almaty, as the bank pushes to finalize the restructuring of its $12.2-billion debt, BTA said in a statement.
Kazatomprom issues debut Eurobond to favorable reception
(SRI) - Kazatomprom, Kazakh state-owned uranium producer, issued its debut $500-million Eurobond last Thursday with better-than-expected yield of 6.5 percent, the company’s press service said on Friday.
