Ferrexpo Not To Proceed With Bond Deal At This Time

22nd Jul 2010 09:17

LONDON (Dow Jones)--Ferrexpo PLC (FXPO.LN), a Swiss headquartered resources company principally involved in the production and export of iron ore pellets, said Thursday it has decided not to proceed with a bond transaction at this time given its current robust liquidity position and other available sources of finance. MAIN FACTS: -Over the past two weeks Ferrexpo has been meeting with potential bond investors to gauge interest for a debut U.S. Dollar bond. -Ferrexpo will continue to review the international debt capital markets as a potential source of financing subject to market conditions and its financing requirements. - Shares at 0814 GMT up 1.7 pence or 0.61%, at 278 pence, valuing the company at GBP1.64 billion. -By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, [email protected] (END) Dow Jones Newswires July 22, 2010 04:17 ET (08:17 GMT)