Yellow Pages bond bombs 06 September 2007 4:38PM Ian Rogers Yellow Pages Group yesterday said it would defer a planned sale of NZ$150 million in six-year, subordinated bonds. The company was willing to pay an interest rate of around 11 per cent on the debt.The company had already scaled back the size of the planned sale from NZ$300 million to take into account the unfavourable margins in credit markets. The company also cited the failure of several finance companies in New Zealand as a reason for the decision.Yellow Pages management and its advisers, ABN Amro, Barclays Capital and Deutsche Bank had opted to press ahead with marketing the issue in the second week of August, even though global debt markets were already freezing up.