Kazakhstan

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Kazakh Privatisation Drive Shapes Up As A Hard Sell

Kazakhstan’s president certainly caught the imagination of the City of London. In closed-door meetings last week, Nursultan Nazarbayev and other Kazakh officials said the commodity-rich central Asian nation would unload hundreds of companies, including i ...

Daily Headline - global.abi.org - 11/12/2015 - 22:39 - 0 comments

Crisis-Hit Kazakhstan Unveils Ambitious Privatisation Plan

Kazakhstan is set to embark upon its most ambitious privatisation plan since independence from the Soviet Union in 1991, offering stakes in its largest state-owned enterprises to international investors in preparation for eventual stock market flotations ...

Daily Headline - global.abi.org - 11/03/2015 - 21:27 - 0 comments

Kazakhstan Faces Oil Dilemma As Prices Plunge

In Texas or the North Sea, oil companies struggling with falling prices are firing thousands of employees. In Kazakhstan, it is not so simple, the Financial Times reported. The central Asian nation was a poster child of the past decade’s oil boom, bu ...

Daily Headline - global.abi.org - 11/02/2015 - 20:35 - 0 comments

Kazakhstan's Alliance Bank Says Completes Debt Restructuring

Kazakhstan's Alliance Bank has completed a $1.2 billion debt restructuring and the country's sovereign wealth fund will put 220 billion tenge ($1.2 billion) of special deposits into the bank to support the deal, Alliance's chief executive ...

Daily Headline - global.abi.org - 11/19/2014 - 21:47 - 0 comments

Kazakhstan's Alliance Bank Says Near Completion Of Debt Restructuring, Merger

Kazakhstan's Alliance Bank, majority owned by the country's sovereign wealth fund, is close to completing a $1.2 billion debt restructuring and a merger with two other banks, its chief executive said on Wednesday. Timur Issatayev, who has been ...

Daily Headline - global.abi.org - 10/15/2014 - 22:19 - 0 comments

Kazakhstan President Nazarbayev Suggests Introducing Individual Bankruptcy Procedures

Individuals in Kazakhstan unable to pay off their loans will be declared bankrupts, the country’s Pesident Nursultan Nazarbayev said when speaking at the extended sitting of the Government Tengrinews.kz reported today. “Borrowers must pay off their loans ...

Daily Headline - abi_admin - 08/06/2014 - 13:32 - 0 comments

Kazakh Alliance Bank Debt Restructuring Talks Break Down

Talks with creditors of Kazakhstan's wealth fund-controlled Alliance Bank have broken down without agreement, the bank's chief executive said on Thursday. "Negotiations have broken down, no agreement was reached," Timur Isatayev told ...

Daily Headline - global.abi.org - 05/29/2014 - 23:03 - 0 comments

Kazakhstan's Alliance Bank Maps Out Debt Restructuring Plan

Kazakhstan's Alliance Bank has set out terms for a second debt restructuring in the wake of the global financial crisis, potentially paving the way for its acquisition by Kazakh billionaire Bolat Utemuratov. Alliance is 67 percent owned by local sov ...

Daily Headline - global.abi.org - 01/23/2014 - 22:04 - 0 comments

Kazakh Alliance Bond Up On Hope Of Better Debt Restructuring Terms

dollar, according to Thomson Reuters data. The bond has slumped from a high of 93 cents set last May, due ...

Daily Headline - global.abi.org - 01/20/2014 - 23:00 - 0 comments

Kazakhstan's Alliance Bank To Discuss Debt Restructuring Dec. 13

Kazakhstan's Alliance Bank, controlled by the oil-rich nation's sovereign wealth fund, will discuss the restructuring of its debt at a creditor meeting in London this week, a source at the bank said on Tuesday, Reuters reported. Alliance, the n ...

Daily Headline - global.abi.org - 12/11/2013 - 00:31 - 0 comments

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