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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

Kazakh BTA says creditor committee for debt restructuring

Posted on 07 February 2012

Kazakhstan’s BTA Bank , majority owned by the country’s sovereign wealth fund, on Monday announced the formation of a creditors’ steering committee to discuss debt restructuring after the bank defaulted on its $2 billion Eurobond.

The bank, which is restructuring debt for the second time in three years, said the steering committee would comprise holders of senior as well as surbordinated debt, Recovery Notes, discount notes as well as trade finance……………………………………….Full Article: Source


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