NEW YORK: Vodafone pulled a 30-year US dollar bond offering from the market, hours after announcing initial price thoughts for the trade, one of the lead managers told IFR.
Market participants had expected the deal to have a size of US$1.5bn to US$2bn, which was being marketed at a spread of 250bp area over US Treasuries.
Vodafone is the second issuer to pull a multi-billion offering from the US corporate bond market in less than a week. Veritas failed to sell high-yield bonds backing its leveraged buyout from Carlyle last week.
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