BTA says deadline for debt restructuring extended until Dec. 20
15:27, 22 August 2012
ASTANA. August 22. KAZINFORM BTA Bank (BTAS), Kazakhstan's third-largest by assets, said an Almaty court prolonged the deadline for its restructuring by three months until Dec. 20 as talks continue on its second debt overhaul in as many years.
"This deadline has been extended due to ongoing negotiations between the bank and its creditors," the Almaty- based lender said in a statement e-mailed today. BTA was seeking an agreement on its restructuring by September, according to a March 22 presentation published on its website.
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