It’s a shut-out: BTA Bank leaves investors fuming over restructuring

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It’s a shut-out: BTA Bank leaves investors fuming over restructuring

Kazakhstan’s BTA Bank once again raised hackles in the investor community this week as it indicated that it wouldn’t make scheduled payments on its senior and subordinated bonds and called for a full debt restructuring. Many London-based funds that own BTA bonds and equity are now angry that they might be shut out of a key vote on the bank’s future.

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