Wed, Nov 26, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials

Kazakh bank BTA urges creditors to approve debt deal

Posted on 09 November 2012

Managers at Kazakh bank BTA, owned by the country’s sovereign wealth fund, urged creditors to vote in favour of a debt restructuring plan which some shareholders are threatening to block.
Creditors are unlikely, however, to benefit from any assets seized from former BTA chief Mukhtar Ablyazov, they said on Thursday. The bank defaulted for the second time in three years in early 2012, on a $2.1 billion bond that was the product of a previous restructuring………………………………………..Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 15264 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
November 2014
M T W T F S S
« Oct    
 12
3456789
10111213141516
17181920212223
24252627282930