Sappi calls off sale of R5bn worth of senior bonds
The group cited unsatisfactory market conditions and a strong balance sheet for cancelling the bond sale
14 May 2020 - 13:55
UPDATED 15 May 2020 - 15:19
Sappi, the world’s largest maker of fibres made from wood pulp, has called off a sale of €250m (about R5bn) worth of senior five-year notes, citing the current state of markets and a strong balance sheet.
The group had announced the sale on Thursday, but said on Friday current market conditions were “unsatisfactory”...
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