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Sovereign Wealth Funds Briefing - Categorized | Market, People

Kazakhstan’s BTA creditors to elect two directors on March 21

Posted on 01 March 2012

Kazakhstan’s sovereign wealth fund Samruk-Kazyna took over BTA in February 2009, two months before the nation’s largest lender at the time defaulted on $12 billion of debt.
A group of unidentified creditors said in a Dec. 30 letter to BTA, the Kazakh central bank and Samruk-Kazyna that it’s “critical that the board of directors includes creditor directors.”……………………………………….Full Article: Source


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