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BTA Bank forms creditors’ steering committee
07 February 2012
Kazakhstan’s BTA Bank announces formation of creditors’ steering committee and meeting in London tomorrow.
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Kazakhstan
BTA Bank
steering committee
trade restructuring
restructuring
Kazakhstan’s BTA Bank has announced the formation of a creditors’ steering committee which will meet in London tomorrow, Wednesday 8 February. The formation and meeting are the next phase in part of the lengthy process of the bank’s debt restructuring programme, which also involves trade debt.
The steering committee has been formed following meetings arranged over the past two weeks with holders of the bank’s senior, OID and subordinated notes, its recovery units and participants in the revolving committed trade finance facility (RCTFF).
The...
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