Red faces at Equiniti but re-issued £440m still five times covered.

The article reports that British financial services outsourcing group Equiniti pulled out its high yield bond between pricing and settlement and then returned offering the bond with adjusted terms. Equiniti was forced to re-sell its 5.5 year senior secured deal after the Financial Conduct Authority of Great Britain failed to approve the changes it made on the structure. The company offers services like acting as a share registrar and other services to pension funds.