Rockwood, the US speciality chemicals group, has officially postponed its $295m (€321m) junk bond offering after European and US investors rejected the deal.

Rockwood was planning to tap both the euro and dollar bond markets in a deal managed by Merrill Lynch and JP Morgan. The company was offering a yield of 12% on tranches of €125m and $195m.

Jeremy Adams

JP Morgan

Goldman Sachs

Moody's

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Rockwood pulls junk bond

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