An "unsettled bond market" led GTE North Inc. to postpone the $251 million competitive bid offering it had scheduled for yesterday, a company spokesman said.

"As soon as that settles down, we'll, go ahead and rebid it," said GTE spokesman Jeff Jones. The offering was expected to consist of six-year debentures, he said.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.