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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

Kazakh BTA bank bonds in sharp selloff

Posted on 30 May 2011

Bonds in Kazakhstan’s BTA bank extended recent sharp losses on Monday, with the 2025 issue trading at a record low 56 cents on the dollar, following recent results which some said had disappointed investors.
BTA, the biggest of the four Kazakh banks to default in 2009, underwent a high-profile debt restructuring last year and is now 81 percent owned by sovereign wealth fund Samruk-Kazyna……………………………………….Full Article: Source


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