Thu, Sep 18, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials

BTA may skip payment on capital gap, bank-run risk, CEO says

Posted on 18 January 2012

BTA Bank may skip a $166 million coupon payment due tomorrow because it has an “acute need to restore capital” and faces the risk of a run on deposits, acting Chief Executive Officer Askhat Beisenbayev said.
A group of unidentified creditors has demanded that BTA make the payment before discussing the proposed restructuring. The coupon payment would reduce the exposure of BTA and Kazakh sovereign-wealth fund Samruk-Kazyna to the risk of claims of securities-law violations……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 14758 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« Aug    
1234567
891011121314
15161718192021
22232425262728
2930