BTA Approves Issue of New Notes under Its Restructuring Plan
OREANDA-NEWS. July 23, 2010. Terms used in this press release and defined in the Information Memorandum of the Bank dated 1 May 2010, as supplemented by the Supplemental Information Memoranda dated 19 May and 27 May 2010 (the “Information Memorandum”), are used in this press release as so defined.
JSC BTA Bank (the “Bank”) has approved the issue of nine series of New Notes in connection with the implementation of its Restructuring Plan. In accordance with the provisions of the Information Memorandum, the Restructuring Plan was approved at the Claimants’ Meeting on 28 May
The nine series of New Notes to be issued under the Restructuring Plan are as follows:
Senior Dollar Notes due 2018;
Senior Tenge Notes due 2018;
OID Dollar Notes due 2021;
OID Euro Notes due 2021;
Subordinated Dollar Notes due 2025;
Subordinated Euro Notes due 2025;
Subordinated Tenge Notes due 2025;
Subordinated Tenge Notes due 2030; and
Recovery Units due 2020-22.
The New Notes are governed by the laws of
Pursuant to clause 2 of article 22-1 of the Law of the Republic of Kazakhstan “On Stock Exchange” and clauses 2 and 3 of "Regulations on authorization of issue and placement of equity securities of resident entities of the Republic of Kazakhstan in foreign jurisdictions” as approved by Resolution No.270 of the FMSA dated 30 July 2005, the Bank shall request FMSA approval for the issue of notes in compliance with the laws of a foreign jurisdiction.
Комментарии