10 May 2011
BTA's creditors include Royal Bank of Scotland, Barclays and Morgan Stanley
2010 BTA issued 10-year “recovery notes” to creditors for about $5B of bad loans as part of its debt restructuring.
bloomberg.com/news/2011-05-1…
BTA's creditors include Royal Bank of Scotland, Barclays and Morgan Stanley
2010 BTA issued 10-year “recovery notes” to creditors for about $5B of bad loans as part of its debt restructuring.
bloomberg.com/news/2011-05-1…
The lender will share with creditors, on a 50-50 basis, recoveries from impaired assets, including damages from the U.K. lawsuits.
Other creditors that stand to benefit from the case:
Wells Fargo
Bank of America
Standard Chartered
Commerzbank
HSBC
Credit Suisse
Goldman Sachs, which in July 2009 quit as BTA’s restructuring adviser.
Wells Fargo
Bank of America
Standard Chartered
Commerzbank
HSBC
Credit Suisse
Goldman Sachs, which in July 2009 quit as BTA’s restructuring adviser.
20 March 2009
Kazakhstan’s Prosecutor General’s office said in a statement on Friday Ablyazov had stolen “huge sums” from BTA between 2005 and 2008. It did not give the exact figures and BTA declined to comment on the prosecutors’ statement.
reuters.com/article/bta-id…
Kazakhstan’s Prosecutor General’s office said in a statement on Friday Ablyazov had stolen “huge sums” from BTA between 2005 and 2008. It did not give the exact figures and BTA declined to comment on the prosecutors’ statement.
reuters.com/article/bta-id…
The government has injected about $2 billion into BTA’s capital but said earlier this week it might restructure some of its $12 billion foreign debt to secure stability of operations.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
