/KASE, August 4, 14/ – Alliance Bank JSC (Almaty) whose securities are
officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with
the following press-release of August 1, 2014:
quote
JSC Alliance Bank (the "Bank") is pleased to inform its stakeholders that it has
agreed with the steering committee of its creditors (the "Steering Committee") a
non-binding term sheet for the restructuring of approximately U.S.$1.2 billion
of the Bank’s financial indebtedness (the "Restructuring") that will help
ensure the capital restoration of the Bank and pave the way for its proposed
consolidation with Temirbank and ForteBank (the resulting entity being the
"Combined Bank"). The letter describing these terms will be posted in due
course on the Bank’s website, (
http://www.alb.kz/en/investor_relations/). The
Steering Committee comprises Greylock Capital Management, LLC, J.P. Morgan
Securities plc, LIM Advisors Limited, Pioneer Investment Management Limited
and VR Global Partners, L.P.
unquote
The full press-release is available on KASE website in Russian at
http://www.kase.kz/files/emitters/ASBN/asbn_reliz_010814.pdf
[2014-08-04]