Sirius Minerals suspends $500m bond offering, citing market conditions

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Sirius Minerals said it had decided to suspend a proposed $500m corporate bond offer 'due to current market conditions'.

The offer of senior secured notes was part of a funding drive to underpin the development of the company's flagship fertilizer project in Yorkshire.

'The company intends to revisit the market when conditions have improved later this quarter,' Sirius said in a brief statement.