Germany's Rickmers Holding is aiming to delist its bond issue in Frankfurt as it pursues a restructuring through the insolvency court.
The company said it had "terminated participation in trading" of the EUR 275m ($308.33m) five-year issue due in 2018.
"Upon effectiveness of the termination trading of the bonds may be suspended," it added.
The price plunged a further 22.5%
