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Embattled Noble faces key financing test after share-price slump

A US$2b one-year credit facility is due for rollover by end-June

Published Thu, May 18, 2017 · 09:50 PM
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Singapore

SINGAPORE-LISTED Noble Group faces a key financing test over the next few weeks as it negotiates a rollover of credit facilities against the backdrop of a surprise quarterly loss that pummelled market confidence in the commodity trader.

A US$2 billion credit facility, secured on its inventories and working capital, is due to be rolled over by the end of June.

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