Jaguar Land Rover Cites Volatility as Bond Sale Put on Hold
Photographer: Richard Martin-Roberts/Getty Images
Jaguar Land Rover Automotive Plc has decided not to move forward for now with a potential US bond sale due to market volatility, signaling some investment-grade offerings are being impacted by the Iran war despite high issuance overall.
“Following a series of virtual fixed-income investor meetings last week, we have paused our plans to issue a bond at this time, in light of ongoing market volatility,” a company spokesperson said in an emailed statement to Bloomberg News. The company is continuing to monitor market conditions for a potential deal, the spokesperson added.