RCS & RDS pulls bond issue
Romanian pay-TV provider RCS & RDS has delayed a US$200m (147m) bond issue because of difficult market conditions, according to various reports.
Citibank London had been trying to place the bonds, due to mature in 2017, at an interest of 9.75% and 10% in dollars, according to ratings agency Standard & PoorÂs. However, the yield offered was not enough to tempt investors.