Angry BTA bondholders blitz Kazakh Samruk

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Angry BTA bondholders blitz Kazakh Samruk

Bondholders have threatened to drag Kazakhstan’s sovereign wealth fund into a bitter legal dispute if the previously restructured BTA Bank fails to pay a coupon missed at the start of this month. BTA, of which the fund Samruk Kazyna owns 81.5%, forced creditors to write down a portion of $12.2bn of debt in 2010.

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