Alliance Bank have completed a program of DPR

17.09.10 19:06
/IRBIS, September 17, 2010/ - Alliance Bank repays debt securitization program of diversified payment rights (DPR), it's stated in a report released today by the bank. As stated, the repayment of the transaction was effected DPR Sept. 15, 2010 on an expedited basis due to the onset of Case early repayment. The size of the final payment was 46,683 thousand dollars. The program has issued three trenches: a $ 100 million in bonds series 2006A (Bonds Series 2006A), amounting to U.S. $ 100 million in bonds series 2006B (Bonds Series 2006V), and at 75 million dollars of bonds Series 2007A ("Bonds Series 2007A"). "Fast Track repayment of DPR has created additional pressure on banks' liquidity. Nevertheless, the Bank was able to repay the debt in full in accordance with the terms of the transaction through the trust and support of its customers, who still continued to use the services of the Bank for International Settlements. Bank in turn, justified the commitment of its customers in a timely and accurate provision of services in international payments,"- it's commented the managing director of Alliance Bank Mrs. Maral Amrine. It is reported that the Asian Development Bank (ADB), the guarantor on bonds series 2006A, guaranteeing repayment of both principal and interest, expressed satisfaction with the transaction, the repayment of which occurred in the course of the restructuring process, and on its completion. "This again proves the effectiveness and sustainability of structures of securitization of diversified payment rights in the evolving financial market. After the restructuring of substantial growth in the cash flows on clients' payments in connection with which the ADB wishes Alliance Bank" with the vote of confidence in customers, "- said Mr. Stephen Hrushka, a specialist in investment transactions with the Department of ADB's private clients, whose words are given in the message [2010-09-17]