BTA boldholders brace for second restructuring
Kazakhstan’s BTA Bank has not yet paid the outstanding coupon due on January 1 on its $2bn 10.75% 2018 bonds. Its actions have fuelled fears of a second lengthy bond restructuring in just three years. BTA Bank forced creditors to write down part of $12.2bn of debt in 2009.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: