BTA Signs Detailed Term Sheet with Steering Committee
OREANDA-NEWS. April 26, 2010. JSC BTA Bank announces that it has agreed a detailed term sheet with its creditors’ steering committee elaborating the terms of its proposed financial restructuring envisaged by the principal commercial terms sheet signed on December 7, 2009 and the amendment to it signed on March 17, 2010.
The detailed term sheet is not binding on any financial creditor and the restructuring will be subject to various approvals, including approval by the statutory creditors’ meeting to be held in
BTA will be holding investor presentations by way of conference calls on Wednesday, 21 April 2010 at 7:00 a.m. and 15:00 p.m. (
The full text of the detailed term sheet will be available on BTA’s website at www.bta.kz/en/investor/ in due course.
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