| Troubled Kazakh bank BTA's biggest shareholder, the state investment fund, said on Thursday it would press ahead with a debt restructuring plan and dismissed suggestions that the bank should instead be allowed to fail.
Kazakhstan's third-largest bank by assets, which is majority owned by the sovereign wealth fund Samruk-Kazyna, defaulted on a $2 billion, 2018 Eurobond in January, only 18 months after a first round of restructuring cut its debt by two thirds...............................................Full Article: Source
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