| 21.06.2011 - Kazakh wealth fund's BTA bond plunges on coupon worry |
| 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 |