Kazakhstan
Results for Kazakhstan
- Kazakh Bank BTA Wins Shareholder Vote For Debt Deal
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BTA, Kazakhstan's third-largest bank by assets, has won a vote by its shareholders, dominated by the state sovereign wealth fund, to restructure its $11.2 billion of debt, the second such agreement with creditors in as many years, Reuters reported. ...
Daily Headline - global.abi.org - 12/04/2012 - 22:24 - 0 comments
- Kazakh Audit Shows State Failures in BTA Bank’s Takeover
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BTA Bank (BTA) exercised insufficient control and arranged payments to creditors in violation of a moratorium during its debt restructuring two years ago, according to a Kazakh government audit obtained by Bloomberg. The inspection, completed in February ...
Daily Headline - global.abi.org - 11/08/2012 - 23:38 - 0 comments
- In re Astana-Finance
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Mon, 10/01/2012 U.S. Bankruptcy Court, Southern District of New York (Manhattan) ...
Chapter 15 New Filing - abi_admin - 10/04/2012 - 19:49 - 0 comments - 0 attachments
- Kazakh BTA Bank Agrees $11.2 Billion Debt Restructuring
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Kazakh bank BTA has agreed a preliminary term sheet with creditors to restructure $11.2 billion of debt, the bank said on Wednesday, triggering a rally in its heavily-discounted bonds. Kazakh sovereign wealth fund Samruk-Kazyna, the bank's majority ...
Daily Headline - global.abi.org - 10/03/2012 - 22:46 - 0 comments
- BTA Bank Says Restructuring Process Recognized by Ukraine Court
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BTA Bank, the Kazakh lender seeking to overhaul its debt for a second time, said a Ukrainian court recognized the restructuring proceedings and extended protection over its assets, Bloomberg reported. “This recognition is a part of the bank’s current res ...
Daily Headline - global.abi.org - 09/19/2012 - 21:45 - 0 comments
- In re "BTA Bank" JSC
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Mon, 07/16/2012 Bankr. S.D.N.Y. Peck ...
Chapter 15 New Filing - abi_admin - 07/26/2012 - 08:59 - 0 comments - 0 attachments
- BTA Bank Begins Discussions with Steering Committee for Debt Talks
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Kazakhstan's third-largest bank by assets, BTA Bank JSC, said Friday it has begun formal discussions with the steering committee of its creditors on the proposed restructuring of $4.98 billion of its debt, Dow Jones reported. The bank's adviser ...
Daily Headline - global.abi.org - 06/17/2012 - 22:06 - 0 comments
- BTA Executive Said To Complain Signatures Were Forged Last Year
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A senior BTA Bank executive said his signatures were forged last year and used to backdate documents in the months the Kazakh lender sought to staunch a capital deficit that forced its second debt restructuring in December, according to three people dire ...
Daily Headline - global.abi.org - 06/05/2012 - 21:53 - 0 comments
- Kazakh BTA Says Creditor Committee For Debt Restructuring
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Kazakhstan's BTA Bank , majority owned by the country's sovereign wealth fund, on Monday announced the formation of a creditors' steering committee to discuss debt restructuring after the bank defaulted on its $2 billion Eurobond, Reuters ...
Daily Headline - global.abi.org - 02/06/2012 - 22:03 - 0 comments
- BTA Still Seeks Debt Talks After Restructuring Fails to Pass
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Kazakh lender BTA Bank said it will push ahead with talks to restructure its debt for the second time in as many years even after a shareholder meeting today failed to gain enough votes to begin the process. The results of the meeting in Almaty are “cert ...
Daily Headline - global.abi.org - 01/27/2012 - 00:14 - 0 comments
