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Prospect News home > News index > List of issuers A > Headlines for Alliance Bank JSC > News item
Published on 12/18/2008 in the Prospect News Emerging Markets Daily.

Kazakhstan's Alliance Bank sees no need for foreign debt restructuring after repayment

By Jennifer Chiou

New York, Dec. 18 - JSC Alliance Bank announced that it is not planning and does not see any need for foreign debt restructuring following the statement of the National Wealth Fund SamrukKazyna of the Republic of Kazakhstan on the possible restructuring of Kazakhstani banks' external debt.

The Kazakh bank said that it has repaid all of its $1.02 billion of foreign debt due in 2008.

The bank added that the repayment schedule for 2009 and 2010 is manageable with only $569 million and $537 million due, respectively.


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