Results for Kazakhstan
- Kazakh Bank BTA Wins Shareholder Vote For Debt Deal
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 - 21:24 - 0 comments
- Kazakh Audit Shows State Failures in BTA Bank’s Takeover
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 - 22:38 - 0 comments
- In re Astana-Finance
Mon, 10/01/2012 U.S. Bankruptcy Court, Southern District of New York (Manhattan) ...
Chapter 15 New Filing - abi_admin - 10/04/2012 - 18:49 - 0 comments - 0 attachments
- Kazakh BTA Bank Agrees $11.2 Billion Debt Restructuring
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 - 21:46 - 0 comments
- BTA Bank Says Restructuring Process Recognized by Ukraine Court
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 - 20:45 - 0 comments
- In re "BTA Bank" JSC
Mon, 07/16/2012 Bankr. S.D.N.Y. Peck ...
Chapter 15 New Filing - abi_admin - 07/26/2012 - 07:59 - 0 comments - 0 attachments
- BTA Bank Begins Discussions with Steering Committee for Debt Talks
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 - 21:06 - 0 comments
- BTA Executive Said To Complain Signatures Were Forged Last Year
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 - 20:53 - 0 comments
- Kazakh BTA Says Creditor Committee For Debt Restructuring
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 - 21:03 - 0 comments
- BTA Still Seeks Debt Talks After Restructuring Fails to Pass
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 - 01/26/2012 - 23:14 - 0 comments