Huawei Scraps Bond Sale After U.S. Criminal Probe Comes to Light

Justice Department is investigating whether the cellular giant broke U.S. sanctions on Iran

Huawei Technologies Co. scrapped plans for a bond sale following revelations that the Justice Department is investigating whether the Chinese cellular giant violated U.S. sanctions related to Iran.

The company on Wednesday evening in Europe pulled what would have been its first euro-denominated bond sale after attracting strong investor demand for a 500 million euro ($609 million) offering of five-year debt.

Investors...