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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.

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