Continental faces scant junk bond demand - sources

Newswire

HANOVER, Germany, Jan 29 (Reuters) - German car parts maker Continental AG is facing scant demand for a planned high-yield bond and might postpone or cancel the issue, sources familiar with the situation said on Friday. "Our plan was to get the bond done by Feb. 12. But if the conditions are too unfavourable we might do it later or not at all," a company source told Reuters. Instead of the expected bond volume of up to 2 billion euros ($2.81 billion) the company would most likely be able ...

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