Plan B fails: AMS bond now to be priced next week

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By Jon Hay, Owen Sanderson
26 Jun 2020

AMS, the Austrian sensor maker, failed on Friday to complete its €1.3bn bond issue in euros and dollars, and has been forced to postpone it a second time. The deal was originally priced on Thursday afternoon but execution was then halted by a rash of news reports at around the same time, alleging that its executives were being investigated over trading in the company's shares.

At 8.15am London time on Friday, the global coordinators of the bond, HSBC and UBS, put out a statement saying the books were being reopened "to allow for any amendments if necessary". The euro book was to close at 1pm London time, the dollar book at 10am New ...

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