RTRS-KAZAKH BANK BTA IN OFFICIAL DEFAULT ON $2 BLN 2018 BOND AS JAN.3 COUPON FUNDS NOT RECEIVED-CREDITORS CITE EUROCLEAR

January 17 marked the end of the grace period for BTA’s missed coupon payment. Creditors wanted this coupon paid before opening talks. Therefore — this Kazakh bank’s second, fractious, complicated debt restructuring bid just passed a point of no return…

Related link:
Come restructure BTA bank. Again – FT Alphaville

This entry was posted by Joseph Cotterill on Tuesday, January 17th, 2012 at 11:04 and is filed under Capital markets. Tagged with BTA, credit, debt restructuring, kazakhstan. Edit this entry.