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Tally of Canned Europe Bond Deals Keeps Climbing as Markets Sour

  • Germany’s Mutares cancels euro bond sale, IPO amid selloff
  • Market anxiety about US, European economies affect decisions
European Central Bank as Lagarde's Colleagues Divided Over Strategy
Photographer: Alex Kraus/Bloomberg

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.