(Bloomberg) -- Carlyle Group, the buyout firm run by
David Rubenstein, postponed a planned $415 million initial public
offering of a fund that invests in bonds backed by mortgages
after a slump in the U.S. subprime market.
Carlyle ``is preparing a supplemental offering memorandum
that will contain a revised timetable for the global offering,''
the Washington-based firm said in a statement today. The firm had
offered investors 18.9 million shares for $20 to $22 each.
Read more at Bloomberg Bonds News
David Rubenstein, postponed a planned $415 million initial public
offering of a fund that invests in bonds backed by mortgages
after a slump in the U.S. subprime market.
Carlyle ``is preparing a supplemental offering memorandum
that will contain a revised timetable for the global offering,''
the Washington-based firm said in a statement today. The firm had
offered investors 18.9 million shares for $20 to $22 each.
Read more at Bloomberg Bonds News
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