| BTA Bank (BTAS) may ask the Kazakh government to back its second debt restructuring or provide additional state funds to help avert bankruptcy, according to two people with direct knowledge of the matter.
Kazakh 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. It won 92 percent creditor approval of a restructuring plan in May 2010. The state holds an 81.5 percent stake in BTA...............................................Full Article: Source
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