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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials

Coupon payment hopes lift Kazakhstan BTA bonds

Posted on 10 January 2012

Mariya GanchevaThe benchmark 2018 bond of Kazakh sovereign wealth fund’s BTA Bank hit 10-day highs on Monday, on speculation the bank would pay overdue $160 million coupons rather than risk creditors calling in billions of dollars of outstanding debt.

The struggling bank’s management shocked investors late in December with an announcement it could seek to restructure its debt for the second time following a 2010 deal. It also said it may not find cash for a coupon due January 3…………………………………….Full Article: Source


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