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Sovereign Wealth Funds Briefing - Categorized | Investment

Kazakh wealth fund sees injections into BTA as ‘inevitable’

Posted on 30 January 2012

Kazakhstan’s sovereign-wealth fund, the majority owner of BTA Bank, said the need to inject funds into the lender, which is seeking a second debt restructuring in as many years, is “inevitable.”
This “won’t necessarily be a capital injection, other forms are possible,” Yelena Bakhmutova, deputy CEO of the fund, known as Samruk-Kazyna, told reporters in Astana today. The possibilities include less expensive government funding and higher coupons on Samruk-Kazyna bonds that the bank now holds, she said, without elaborating on the timing………………………………………..Full Article: Source


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