The investor call for watercraft capital, the EU's first deal under the "Europe Project 2020 Bond Initiative", has been postponed to this Monday from last Friday. The call had been arranged after the borrower behind the deal, which refinances the debt incurred in building the Project Castor gas storage facility off the coast of Spain, announced its intention to relinquish the project, because it never got going. Seismic activity was detected last October, and all work stopped. The issuer was, however, able to make the June coupon payment on the €1.4bn bonds that were launched last July. The EIB is liquidity facility provider and also bought €300m of the notes.
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