restructuring
U.S. court grants Alliance Bank bankruptcy protection
(SRI) - A U.S. bankruptcy court granted Alliance Bank protection from U.S. creditors so that it may complete the restructuring of its $4.5-billion debt, Bloomberg reported.
U.S. court grants BTA bankruptcy protection
(SRI) - A U.S. bankruptcy court granted BTA Bank protection from U.S. creditors so that it may complete the restructuring of its $11.6-billion debt, Reuters reported.
Samruk-Kazyna to support Astana Finance
(SRI) - Astana Finance said on Wednesday it had signed a Memorandum of Understanding (MoU) with the state holding and investment company Samruk Kazyna, as it works to restructure its $1.7-billion debt.
Kazakhstan Kagazy proposes debt restructuring plan
(SRI) - Kazakhstan Kagazy, the LSE-listed paper producer, proposed to extend the maturities of its outstanding liabilities as it seeks to secure a debt restructuring plan.
BTA to start detailed sale talks with Sberbank in April
(SRI) - Samruk-Kazyna, the state holding and investment company, plans to hold detailed talks on selling BTA Bank to Russia’s Sberbank in the second quarter, once the bank secures a restructuring deal with creditors.
Kazakhstan Kagazy seeks to restructure $105-million debt
(SRI) - Kazakhstan Kagazy Plc, the largest paper producer in Central Asia, said it is seeking to restructure all of its outstanding bonds valued at approximately $105 million, the company said in a statement on the Kazakhstan Stock Exchange (KASE).
Alliance Bank first Kazakh lender to reach restructuring deal
(SRI) - The creditors of Alliance Bank, Kazakhstan’s second-largest lender to default this year, voted to approve a plan to restructure KZT677 billion ($4.5 billion) of debt.
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.
BTA creditors to consent to restructuring deal by March - Marchenko
(SRI) - BTA Bank, which reached a preliminary restructuring agreements this week, expects two thirds of creditors to give their consent to restructure the debt by March, according to central bank chairman Grigoriy Marchenko.
BTA strikes restructuring deal with creditors
(SRI) - BTA Bank, Kazakhstan’s embattled lender, has reached a deal to restructure its $11.6-billion debt on December 7, the bank said in a statement.
