Canary Wharf bond investors hit by 'weird' error

Investors in a pre-crisis securitisation from Canary Wharf Group received an unwelcome surprise last month

Investors in a pre-crisis Canary Wharf Group securitisation received an unwelcome surprise last month – an error in documentation meant the bonds would be paying out less than previously advertised.

The announcement regarding the amendment, made on July 18, is the second time in a month the property group has had to address uncertainties or inconsistencies in its bond documentation.

WSJ Logo
Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust WatchdogExternal link

Aviva Takeover of Direct Line Gets Green Light From U.K. Antitrust Watchdog