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Penerbangan Malaysia pulls bond
01 November 2005
Read more:
Aviation
Airlines
HSBC; Penerbangan Malaysia; Citigroup; Commerce International Merchant Bankers
Penerbangan Malaysia, the owner of Malaysian Airlines, cancelled a $1 billion bond just hours before it was meant to price.
Bookrunners Citigroup, Commerce International Merchant Bankers and HSBC say the deal had been cancelled because of "unresolvable documentation issues".
Local news agencies first claimed that officials at Penerbangan Malaysia said it was deferring the bond because of market conditions. However, the company later issued a statement saying that it had decided...
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