Sovereign bonds linked to an issuer's GDP or other variable factor could be more frequently seen after the INTERNATIONAL MONETARY FUND'S board urged issuers and official sector lenders to support the development of the market. The board met last month to discuss a staff paper assessing the practical design issues currently holding the market back. GDP-linked instruments have been issued in recent years by nations that have restructured their debts, including UKRAINE, GREECE and ARGENTINA.
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