51 min
Ep 18 Ft. Yannis Manuelides Clauses & Controversies
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- Education
Why Not Use GDP-Linked Bonds?
Yannis Manuelides heads Allen & Overy’s Sovereigns and International Institutions practice group and has played a key role in shaping the legal terms of sovereign loan contracts, including the template for GDP-linked bonds. We talk with Yannis about why governments have been reluctant to use GDP-linked bonds and about different drafting practices in London and New York. We also chat (skeptically) about the so-called “common framework” to deal with the Covid-induced crisis in the sovereign debt world.
Producer: Leanna Doty
Why Not Use GDP-Linked Bonds?
Yannis Manuelides heads Allen & Overy’s Sovereigns and International Institutions practice group and has played a key role in shaping the legal terms of sovereign loan contracts, including the template for GDP-linked bonds. We talk with Yannis about why governments have been reluctant to use GDP-linked bonds and about different drafting practices in London and New York. We also chat (skeptically) about the so-called “common framework” to deal with the Covid-induced crisis in the sovereign debt world.
Producer: Leanna Doty
51 min