Ferrexpo calls off bond — for now

Ukrainian iron ore pellet producer Ferrexpo has decided not to proceed with a bond transaction, with the company highlighting “widening in credit spreads since the beginning of February, the group’s robust liquidity position and other available sources of financing” as reasons behind its decision.

  • 20 Feb 2013

The yield on Ferrexpo’s 7.875% 2016s has risen from 6.8% at the end of January to around 7.6% on Thursday.

The company added, however, that it would maintain a long term dialogue with investors and will continue to review the international debt capital markets as a potential source ...

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