BTA Bank (Kazakhstan) at a new stage of restructuring
16.04.10 14:46
/KASE, April 16, 10/ - BTA Bank (Almaty), bonds of which are listing on
Kazakhstan Stock Exchange (KASE), provided KASE with a press release dated
April 16, 2010:
Quotation begins
BTA Bank announced the bank had entered a new phase of the restructuring. At
this phase holders of Eurobonds and termless securities will meet to vote on
further steps in the restructuring.
Thus, on April 12, 2010 BTA Bank's subsidiary - BTA Finance Luxembourg S.A.
announced the meeting of holders of termless securities to be held
April 22, 2010. And on April 15 another subsidiary - TuranAlem Finance B.V.
called a bondholder meeting for May 7, 2010. The meetings may be postponed,
should attendees fail to see a quorum, and another meeting will be held
May 24, 2010.
The meetings must help approve the restructuring plan at the bank creditors
meeting to be held May 28, 2010.
Bank securities holders may register with BTA Bank financial advisers at
btas.bondholders@lazard.fr, and provide detailed shareholding information. This
will help an interaction between restructuring agents.
Contact:
tel. +7(727) 312 24 26, 266 47 97, 250 53 78
e-mail: pr@bta.kz
www.bta.kz
Ends
[2010-04-16]