Gold Fields roadshows for dollar bond as markets quail
Gold Fields, a South African gold miner, was concluding a roadshow to US and European bond investors in London on Monday. Bank of America Merrill Lynch, Barclays Capital and JP Morgan arranged the visits, which prepare the way for a possible dollar bond issue, subject to market conditions. The deal would be under Rule 144A.
Market conditions were hostile on Monday, with stockmarkets plunging and credit spreads widening exceptionally fast, on renewed fears of a Greek sovereign default.
Even though Greece announced a new property tax on Sunday that the government said would raise 2bn a year more than a perceived shortfall of
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