Dolphin delays bond issue
Market conditions blamed for dollar bond delay
Abu Dhabi-based Dolphin Energy has delayed plans for a bond issue due to market conditions, according to Reuters. Having completed meetings for a 144a benchmark dollar bond last week, the company – which is 51 per cent owned by Mubadala – was expected to indicate guidance shortly afterwards. The bond sale should have raised up to $1.93 billion, allowing the firm to refinance existing debt.