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Poland’s EM&F delays €240 million notes sale, cites market conditions
By Paul A. Harris
Portland, Ore., Aug. 4 – Poland’s EM&F Financing AB postponed its €240 million offering of six-year notes (B2/B/), citing adverse market conditions, a market source said on Monday.
The debt refinancing deal, which was playing to both high-yield and emerging markets accounts, was talked late last week to yield 8½% to 8¾%.
JPMorgan, Santander, Societe Generale, Unicredit and RBS were the bookrunners.
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