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Issuer of the month

De Beers

De Beers, the South African diamond mining conglomerate, took a sterling-denominated bond on roadshow early last month, only to pull the deal a few weeks later. Market sources say the bond, rumoured to be in the region of £500 million, failed partly because De Beers did not seek a credit rating from any of the major rating agencies.

A spokesperson for De Beers gave few details, but claimed that the

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