Stolt-Nielsen delays bond issue

New York, April 5 - Stolt-Nielsen SA said it has put on hold its plans for a five-year senior unsecured bond issue.

The London-based bulk liquid transportation company said it will resume marketing after the Norwegian Easter holidays and release of its first quarter earnings.

In late March Stolt-Nielsen announced plans to sell between NOK 500 and NOK 700 million of bonds with a coupon of 8¾%.

Proceeds will be used to refinance debt.

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