Esterad cancels $18.6m bond offer

08/02/2010 00:00 AST

Bahrain's Esterad Investment Company on Sunday withdrew a planned 7 million dinar bond ($18.57 million) offering, citing market conditions. The bond had been due to be issued on February 10.

'The decision for retraction was in light of the prevailing conditions of the lending markets and liquidity regionally and globally,' the company said in a statement.


Reuters

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