UPDATE 1-Silverton Casino pulls $215 mln junk bond sale-KDP

Newswire

(Adds background) NEW YORK, July 25 (Reuters) - Silverton Casino has pulled a $215 million junk bond sale, high-yield research firm KDP Investment Advisors reported on Wednesday. The offering is the latest of about eight U.S. junk bond sales to be scrapped since June, according to KDP. Junk-rated companies have had trouble finding buyers for debt as concerns about massive bond supply and a subprime mortgage crisis have turned investors more risk-averse. A spokesman for Silverton ...

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