UPDATE 3-P&G pulls euro bond amid credit volatility

Newswire

(Recasts lead, adds detail) By Kristina Cooke LONDON, Feb 28 (Reuters) - Credit market volatility prompted Procter & Gamble Co to scrap the euro portion of its planned $4 billion bond sale on Wednesday, though a dollar-denominated issue went ahead. As months of corporate bond spread tightening came to an abrupt end, the consumer products giant withdrew a minimum $2 billion of euro debt. Banks for Italian industrial group Fiat SpA , also planning a bond sale, said they were ...

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