Goldman Quits As Kazakh Bank-Debt Adviser

01 Jul 2009

Goldman Sachs has quit as adviser to BTA Bank, Kazakhstan’s largest lender, which is in the process of restructuring its debt.

Goldman Sachs has quit as adviser to BTA Bank, Kazakhstan’s largest lender, which is in the process of restructuring its debt. BTA has been in negotiations to restructure its USD15 billion in debt since April, when it triggered a credit event after it had stopped making principal payments. ...

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