Fate of Hayes Lemmerz high-yield bond unclear


LONDON, March 17 (Reuters) - The fate of a high-yield bond issue from U.S. auto parts supplier Hayes Lemmerz International Inc. was unclear on Thursday following a profit warning from General Motors that rocked credit markets. Hayes was expected to price the 120 million euro seven-year deal on Wednesday but the bond failed to materialise. Lead managers for the deal declined to comment on whether the bond would still be issued. One banker said only that they were "watching the market very ...

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