New World pulls bond in tough market

February 10, 2010 12:00 am

Central European coal miner New World Resources has pulled a Eu700m bond because weaker credit markets meant it would have had to price it wider than it would have liked. The cancelled issue follows Italian gaming group SNAI’s postponement of its announced bond last week. Meanwhile Interxion and Cable & Wireless both priced bonds on Tuesday. Are the good times over for the high yield bond market? Read EuroWeek this week to find out.

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