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Noble creditors sign debt restructuring deal

Improved terms get buy-in from more creditors but analysts say perpetual bondholders are not necessarily better off

Published Wed, Mar 14, 2018 · 09:50 PM
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Singapore

NOBLE Group has signed a restructuring support agreement (RSA) with an expanded group of creditors, after tweaking the terms for its management and perpetual bondholders following a backlash on its initial plan.

Shares in the embattled trading group rose 1.3 cent, or 8 per cent, to 16.8 Singapore cents after it made the announcement on Wednesday morning.

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