restructuring
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.
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.
ANALYSIS: Kazakhstan’s first restructuring fund open for business
(bne) - After a first close on $100 million in June, the Kazakhstan Capital Restructuring Fund (KCRF) will soon start investing into financially distressed companies in the Central Asian country.
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.
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.
Temirbank to finalize debt restructuring by June 1
(SRI) - Temirbank said on Tuesday it plans to finalize its debt restructuring by June 1.
Almaty Financial Court approves Temirbank’s restructuring plan
(SRI) - The Specialized Financial Court of Almaty has approved Temirbank’s debt restructuring plan last week, the bank said on Friday.
BTA subsidiaries to hold bondholder meetings
(SRI) - Holders of BTA Bank debt securities issued by its subsidiaries BTA Finance Luxembourg SA and TuranAlem Finance BV will vote on the the bank’s restructuring plan, BTA said in a statement.
FSA approves Temirbank debt restructuring plan
(SRI) - Kazakhstan’s Financial Supervision Agency has approved Temirbank’s debt restructuring plan last Friday, the bank said in a statement.
