Obbligazioni bancarie KAZAKISTAN e banche kazake

[lucailmoro]

BTA to complete restructuring talks by August

July 9, 2009 (SRI)

BTA Bank’s restructuring talks with its creditors should be completed by August, the central bank chairman Grigoriy Marchenko said today dismissing the recent departure of Goldman Sachs as the banks advisor as having no impact.

BTA is working on restructuring $15 billion in foreign debt.
Marchenko also reportedly lashed out against foreign creditors who lent money to BTA, Alliance Bank and Astana Finance assuming that the Kazakh government would bail out the banks. He said they were paying a price for being “driven by greed,” Bloomberg reported.
“These are people who thought that the state will pay for it all,” Bloomberg reported Marchenko as saying. “This attitude was wrong and creditors must now pay for it by offering significant discounts for the debt.”
Alliance Bank announced its restructuring plan on Wednesday asking the creditors to accept significant haircuts on their debt.



Former BTA executive arrested in Moscow

July 8, 2009 (SRI) -
Former head of corporate banking at BTA Bank, Veronika Yefimova, has been arrested in Moscow.

Kazakhstan had issues an international warrant on Yefimova who was wanted in Kazakhstan for allegedly embezzling $1.34 million in 2006-08. Yefimova is reportedly expected to be extradited to Kazakhstan shortly.

 

[lucailmoro]

non promette nulla di buono Marchenko....


Marchenko also reportedly lashed out against foreign creditors who lent money to BTA, Alliance Bank and Astana Finance assuming that the Kazakh government would bail out the banks. He said they were paying a price for being “driven by greed,” Bloomberg reported.
“These are people who thought that the state will pay for it all,” Bloomberg reported Marchenko as saying. “This attitude was wrong and creditors must now pay for it by offering significant discounts for the debt.”

 

[METHOS]

non promette nulla di buono Marchenko....


Marchenko also reportedly lashed out against foreign creditors who lent money to BTA, Alliance Bank and Astana Finance assuming that the Kazakh government would bail out the banks. He said they were paying a price for being “driven by greed,” Bloomberg reported.
“These are people who thought that the state will pay for it all,” Bloomberg reported Marchenko as saying. “This attitude was wrong and creditors must now pay for it by offering significant discounts for the debt.”

Ha ragione. Io mi riprometto di non investire più un euro in paesi emergenti, corporate ciofeche e banchette del quartierino. I fessi siamo noi che diamo i notri soldi a gente che oltre che fotterceli ci prende anche per il culo...

 

[lucailmoro]

Kazakh BTA Bank to set up negotiating committee



By: AFX | 17 Jul 2009 | 04:21 PM ET

NEW YORK, July 17 (Reuters) - Kazakhstan's largest bank, BTA, on Friday said it is establishing a steering committee to help it renegotiate a $13 billion debt with creditors. KPMG will deliver a presentation about BTA's financial situation to the committee on July 23, the bank said in a statement. BTA is trying to restructure its debt to avoid bankruptcy following large writedowns. It has said it planned to reach an agreement with creditors by the end of July. In the statement, the bank said it will have to make "substantial provisions" in addition to those already reflected in its 2008 financial statements, which were audited by Ernst & Young LLP. BTA said the proposed 10 members of the committee are Commerzbank Aktiengesellschaft, the D.E. Shaw group, DEG - Deutsche Investitions - und Entwicklungsgesellschaft mbH, Euler Hermes, Fortis Investments, Gramercy Advisors LLC, ING Asia Private Bank Limited, The Royal Bank of Scotland, U.S.

 

[METHOS]

Brutte nuove dalla bta

ALMATY, July 24 (Reuters) - Kazakhstan's largest bank BTA BTAS.KZ estimates the haircuts it will offer to creditors at 66 to 97 percent, excluding trade finance, the bank said on Friday.
In a presentation published on its website, BTA also said it would offer investors the choice between the NPV equivalent options of discounted cash buyback, rollover and equity conversion, but buyback cash would be limited to $1 billion. (Writing by Olzhas Auyezov, editing by Toni Vorobyova

 

[METHOS]

inoltre stop alle cedole

ALMATY, July 24 (Reuters) - Kazakhstan's largest bank BTA BTAS.KZ has halted interest payments on its debt, the bank, which stopped principal repayments in April, said on Friday.
"...BTA announces that it has decided that with effect from 22 July 2009 it will extend the scope of the current moratorium on repayment of its financial indebtedness and that it was also suspending interest payments on its financial indebtedness," it said in a statement. (Writing by Olzhas Auyezov)

 

[lucailmoro]

Kazakh’s BTA Bank Says It May Take Years to Recover Its Assets
By Nariman Gizitdinov

July 25 (Bloomberg) -- BTA Bank, Kazakhstan’s largest lender, said it may take years to recover some of its assets after previous management fled.
The work to recover BTA Bank assets “isn’t easy, as we need to dispute some deals and work with borrowers to recover loan documentation,” Chief Executive Officer Anvar Saidenov told reporters in Almaty today. The process can’t be carried out in a single year, he said.
BTA halted principal payments on its debt in April, blaming creditors for demanding immediate repayment after the government took over the lender in February. Kazakh prosecutors have in July charged 12 executives at BTA, its Temirbank unit and some of their corporate clients with embezzling more than 83 billion tenge ($550 million) from the bank.
The former management of BTA between November and February moved collateral and transferred debt to offshore companies which can’t be reached, Saidenov said.
Some loan documentation, including agreements on collateral isn’t available any more, Ernst and Young said in an audit on the Kazahstan Stock Exchange Web site. BTA Bank admitted losses of 1.1 trillion tenge in 2008, the auditor said.
On March 6, prosecutors issued international arrest warrants for BTA Chairman Mukhtar Ablyazov and some of his associates for allegedly stealing from BTA and laundering the money via loans to fictitious companies. BTA former CEO Roman Solodchenko was added to the wanted list on March 21 after he left a bank.
Ablyazov and Deputy Chief Executive Officer Zhaksylyk Zharimbetov are still being investigated, along with another 12 suspects, the prosecutors said. Those 14 executives remain in hiding, it said.
Ablyazov and Solodchenko denied the charges.

 

[maxinblack]

Cosa sono questi tre documenti inviatemi dalla banca? sicuramente riguardano la ristrutturazione di Turalamen,Alb Finance, e Kazkommertz
la deadline 31 Luglio?

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[davide8]

Vedendo il sito sembra una ditta privata che vuole speculare assistendo i bondholders (sede a Londra). Forse perdiamo gia' abbastanza (abbiamo gia' dato...)

 

[METHOS]

a parte il fatto che la kaskommerts al momento non è in ristrutturazione...