Delong cancels bond plan, follows Sulfindo

Chinese steel company Delong Holdings has postponed a bond that could have been worth as much as $250m, becoming the second single-B borrower to turn away from the markets over the last few weeks after Indonesia chemical company Sulfindo Adiusaha looked for alternatives to its own deal.

  • 14 Feb 2011
Delong turned its back on the market after meeting investors last week, its second roadshow after funding officials first pitched the potential issue in November. The company was unable to attract enough demand for the deal, partly down to the recent drop in the price of China Forestry’s ...

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