MARKET TALK: Ukraine's Ferrexpo Wraps Up Roadshow; Global Bonds In Sight

15th Jul 2010 17:37

1636 GMT [Dow Jones] Ukraine-based iron ore producer Ferrexpo PLC is expected to come to global markets after a roadshow wraps up Thu, managed by JPMorgan and UBS. S&P gave the company a B foreign currency rating recently, citing healthy profitability, long reserve life and a weak business risk profile. Investors have been waiting for the sovereign to come to market for months, and many expect that now favorable market conditions will allow it to happen. ([email protected]) Contact us in New York. Darlene Ross, 212 416-2166; [email protected] (END) Dow Jones Newswires July 15, 2010 12:37 ET (16:37 GMT)