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Kazakhstan's Alliance Bank Might Go for DPR Grab


By Felipe Ossa

June 5, 2009

The CEO of Kazakhstan's Alliance Bank, Makshat Kabashev, said in a conference call on May 29 that the originator's three DPR bonds, totaling $275 million at issuance, could fall into the scope of any of the proposed restructurings of the ailing bank's debt. The determining factor will be Alliance's cash flow, he added, but did not elaborate, and press representatives did not return e-mails requesting further details.

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