Sirius Minerals shares tank after crucial bond sale fails
Shares in fertilizer miner Sirius Minerals plummeted as much as 60% on Tuesday morning after the company was forced to finally pull a $500m high yield bond offering it had postponed in August.
"Due to the ongoing poor bond market conditions for an issuer like Sirius we have not been able to deliver our stage 2 financing plan,” said Sirius CEO Chris Fraser.“As a result, we have taken the decision to reduce the rate of development across the project in ...
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