(Bloomberg) -- Kia Motors Corp., South Korea's
second-largest automaker, canceled a $500 million bond sale for
this week as skittish investors cut demand for riskier assets.
At least eight companies from Kohlberg Kravis Roberts & Co.
in New York to steelmaker Arcelor Mittal in Rotterdam,
Netherlands, pulled more than $3 billion of debt sales amid
concern that losses from bonds backed by U.S. subprime mortgages
will spread to other markets. Caliber Global Investment Ltd., a
$908 million hedge fund, said today it will close after losses.
Read more at Bloomberg Bonds News
second-largest automaker, canceled a $500 million bond sale for
this week as skittish investors cut demand for riskier assets.
At least eight companies from Kohlberg Kravis Roberts & Co.
in New York to steelmaker Arcelor Mittal in Rotterdam,
Netherlands, pulled more than $3 billion of debt sales amid
concern that losses from bonds backed by U.S. subprime mortgages
will spread to other markets. Caliber Global Investment Ltd., a
$908 million hedge fund, said today it will close after losses.
Read more at Bloomberg Bonds News
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