BTA Bank made the first interest payment under new bonds for the total amount of USD165mln (KZT24 349mln)05.01.2011
JSC BTA Bank (hereinafter referred to as “the Bank”) made the first interest payment for the total amount of USD165mln (KZT24 349mln) under new bonds that include the following instruments:
|№||Type of bonds||International Securities Identification Number (ISIN)||Currency||Interest payment for the first interest period||Maturity|
|Regulation S||Rule 144A|
|1||Senior Bonds||XS0532988770||XS0532989588||USD||111 927 483||2018|
|2||Original Issue Discount Notes||XS0532989828||XS0532990164||USD||3 251 563||2021|
|3||Original Issue Discount Notes||XS0532990248||XS0532990594||EUR||3 134 168||2021|
|4||Subordinated Bonds||XS0532990677||XS0532990750||USD||17 878 729||2025|
|5||Subordinated Bonds||XS0532990834||XS0532990917||EUR||953 011||2025|
|6||Senior Bonds||XS0531656055||XS0531656139||KZT||2 404 557 796||2018|
|7||Subordinated A Bonds||XS0531657293||XS0531657707||KZT||414 189 940||2025|
|8||Subordinated B Bonds||XS0531657889||XS0531657962||KZT||1 120 000 000||2030|
These bonds have been issued during restructuring which resulted in cancellation of all previously issued bonds and other liabilities of the Bank, cash payment of USD945 mln., issue of new debt securities and shares and entering into a Revolving Committed Trade Finance Facility.
Mr. Anvar Saidenov, Chairman of the Management Board believes that payment of interest under new bonds is a positive sign for creditors, since this repayment is the first one after the completion of the restructuring: "I think that most of our creditors will positively respond to message on repayment of first coupon under new Bank’s bonds. For them such repayment means that BTA continues servicing its debts that was suspended for the period of restructuring and that all events envisaged by the Restructuring Plan are being realized in full and in strict compliance with the schedule".