(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.
(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.
(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.
(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.
(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.
(SRI) - Halyk Bank said on Wednesday it plans to repay early subordinated domestic bonds totaling KZT5 billion ($34 million) due to mature in 2018.
(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.
(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.
(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.
(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.