Growing ranks of issuers are ditching bond sale plans as global markets take a turn for the worse amid an increasingly bleak outlook for the world’s economy.
German private equity firm Mutares SE & Co KGaA halted a sale of euro bonds on Wednesday, citing “present capital market conditions,” it said in a statement. It’s the fourth company to abandon a bond sale this week after a trio of issuers opted to pull the plug on offerings on Monday.
