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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Market

Kazakh wealth fund’s BTA bond plunges on coupon worry

Posted on 21 June 2011

Kazakh sovereign wealth fund-owned bank BTA’s debt fell sharply on Tuesday as investors fretted over the bank’s financial strength ahead of upcoming coupon payments.
BTA underwent a debt restructuring last year after a 2009 default and its $2 billion bond due 2018 KZ053298877= fell more than 4 points on Tuesday to 73.4, according to Thomson Reuters data, giving a record high yield close to 20 percent……………………………………….Full Article: Source


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