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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Troubled Kazakh bank Alliance to meet London-based investors

Posted on 10 December 2013

Alliance Bank’s dollar bonds fell on Monday as the lender, majority owned by Kazakhstan’s sovereign wealth fund, called its investors to a meeting in London to discuss its finances.
Alliance defaulted on its debt in the aftermath of the 2008 financial crisis. Its dollar bonds fell to record lows earlier this year on fears that the lender was heading towards a second debt restructuring………………………………………..Full Article: Source


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