Report

Three more funds sue over GDP warrants, five suits combine for USD 874mn

- Plaintiffs claim govt manipulated GDP numbers to prevent coupon from triggering in 2013
- They also claim coupon should have been triggered anyway, but govt failed to follow bond prospect
- Case likely to take years, govt would have to pay between USD 1.8bn and USD 6.0bn if it loses
- Precedent likely to scare investors as FPV govt offers new GDP warrants in coming debt restructuring talks
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CEEMarketWatch
CEEMarketWatch

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