Kazakhstan's Alliance Bank has completed a $1.2 billion debt restructuring and the country's sovereign wealth fund will put 220 billion tenge ($1.2 billion) of special deposits into the bank to support the deal, Alliance's chief executive said on Wednesday.
Sovereign wealth fund Samruk-Kazyna will support the restructuring through 10-year special term deposits with an aggregate nominal value of 220 billion tenge, CEO Timur Issatayev told Reuters.....................................Full Article: Source
|