Ithaca pulls $350m high yield offering

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Ithaca pulls $350m high yield offering

Oil Rig
Oil Rig in the channel island near Ventura California. | Georg Henrik Lehnerer/Georg Lehnerer - stock.adobe.com

North Sea oil and gas operator Ithaca Energy cancelled a planned $350m junk bond on Tuesday, citing "market terms and conditions", after it had earlier tightened covenants on the deal.

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