| Kazakhstan's Alliance Bank ALLBy.LU, majority owned by the country's sovereign wealth fund, is close to completing a $1.2 billion debt restructuring and a merger with two other banks, its chief executive said on Wednesday.
Timur Issatayev, who has been meeting creditors in London and New York, told Reuters he was confident of getting the go-ahead at creditor and shareholder meetings due in coming weeks. The proposals, put forward in August, are seen halving the nominal value of existing bond holdings to $300 million...............................................Full Article: Source |