Bombardier postpones $1 billion note sale due to market conditions

By Paul A. Harris

St. Louis, Feb. 16 - Bombardier Inc. postponed its $1 billion two-part offering of senior notes due to market conditions, an informed source told Prospect News on Tuesday.

The non-callable notes were being marketed with eight-year and 10-year maturities.

JPMorgan, Deutsche Bank Securities and UBS Investment Bank were the joint bookrunners.

Proceeds were to have been used to fund the company's concurrent tender offers and for general corporate purposes.

Bombardier is a Montreal-based manufacturer of air and rail transportation equipment, systems and services.

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