Russian mobile telephone retailer Evroset postpones note offering

By Paul A. Harris

St. Louis, Dec. 8 - Moscow-based mobile telephone retailer Evroset postponed its $100 million offering of notes due to market conditions, a market source told Prospect News on Thursday.

Guidance on the deal was in the mid-11% range.

The source added that demand in the market appears to have recently diminished for smaller, comparatively illiquid corporate issues.

HSBC and Rosbank were the bookrunners for the Evroset deal.

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