SINGAPORE, Aug 1 (Reuters) – Singapore-listed commodities
trader Noble Group Ltd has paid a banking on a 2020
bond, marketplace sources pronounced on Tuesday.
The remuneration of about $40 million to bond holders comes
after a merchant final week announced item sales and flagged a
quarterly detriment of as most as $1.8 billion. Market participants
were looking to a banking remuneration as an denote of Noble’s
ability to use debt.
An outmost mouthpiece for Noble had no evident comment.
Noble’s $1.2 billion holds due 2020 had a 6.75 percent
coupon due on Jul 29. Last month, Noble deferred a remuneration on
its incessant bonds, triggering a sell-off.
Noble’s shares were 12 percent aloft in late morning trade
while a 2020 holds were adult about 3 points
at 36.5/37.5 cents on a dollar.
(Reporting by Anshuman Daga and Umesh Desai; Editing by Edwina