UPDATE 2-Silverton Casino latest to pull junk bond sale

Newswire

(Changes attribution in lead paragraph, adds company comment) NEW YORK, July 25 (Reuters) - Las Vegas-based Silverton Casino has pulled a $215 million high-yield bond sale because of market conditions, the company said on Wednesday, the latest planned U.S. junk bond offering to be pulled in recent weeks. About eight junk bond sales have been scrapped since June, according to high-yield research firm KDP Investment Advisors. Junk-rated companies have had trouble finding buyers for debt ...

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