Ferrexpo PLC (FXPO.LN), a Swiss headquartered resources company principally involved in the production and export of iron ore pellets, said Thursday it has decided not to proceed with a bond transaction at this time given its current robust liquidity position and other available sources of finance.

MAIN FACTS:

-Over the past two weeks Ferrexpo has been meeting with potential bond investors to gauge interest for a debut U.S. Dollar bond.

-Ferrexpo will continue to review the international debt capital markets as a potential source of financing subject to market conditions and its financing requirements.

- Shares at 0814 GMT up 1.7 pence or 0.61%, at 278 pence, valuing the company at GBP1.64 billion.

-By Tapan Panchal, Dow Jones Newswires. Tel +44(0)207-842 9448, tapan.panchal@dowjones.com
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