Thursday, July 12, 2007

Aozora, Controlled by Cerberus, Cancels Debt Sale, Says Markets `Unstable'

(Bloomberg) -- Aozora Bank Ltd., the Japanese bank
controlled by U.S. buyout firm Cerberus Capital Management LP,
cited ``unstable'' capital markets as it canceled a sale of
dollar-denominated subordinated bonds overseas.

The Tokyo-based bank will revive the sale when markets
become stable, it said in a statement sent to the Tokyo Stock
Exchange today.


Read more at Bloomberg Bonds News

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