Number of Companies Pulling Financing Plans Soar to 200 Globally

The number of companies that have delayed or canceled financing plans has doubled to 200 in two months as global volatility rattled markets and investors confidence.

The financing deals including initial public offerings, bonds, loans and acquisitions amounting to more than $170 billion, with the equity market being worst hit with a tally of more than $120 billion.

The coming weeks might still see more postponements as the first day of June already revealed two bonds from Europe being delayed. Danmarks Skibskredit A/S and Erste Abwicklungsanstalt both shelved their debt sales, citing volatile market conditions.

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