Creditors to BTA, Kazakhstan’s biggest bank, have offered to write off $4.9bn in debt, about 60% of what the bank itself had proposed, the company said on Wednesday. While BTA wants creditors to write off $8.2bn of their debt claims as part of a restructuring of its $10.3bn debts, its creditors have countered that with their own terms. Both proposals were submitted to the financial regulator late last week.

This entry was posted by Gwen Robinson on Thursday, September 24th, 2009 at 4:42 and is filed under Capital markets. Tagged with BTA. Edit this entry.