BTA Bank Enters into RCTFF Agreement with The Royal Bank of Scotland N.V., Singapore Branch as The Agent and Security Agent for The Lenders03.09.2010
Almaty, September 3, 2010 – “BTA Bank” JSC (the “Bank”) is pleased to announce that "The Royal Bank of Scotland N.V., Singapore Branch" has been appointed to act as Agent and Security Agent under the Revolving Committed Trade Finance Facility Agreement entered into as part of its recently completed financial restructuring.
The Lenders under this Facility are those of the Bank’s Creditors whose Claims were restructured under Senior Package 3 and the principal amount of it is US$ 698,186,047.18.
The Facility will be used for the purpose of enabling the Bank to support the financing of Eligible Trade transactions. The Facility has a three year term with a two year availability period.
This Facility will allow the Bank to provide its customers with high quality Trade Finance services and products on competitive terms.