Noble in intense talks to repackage debts holistically
A source says this could be resolved by Christmas; asset disposals are key in the commodity trader's survival bid
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
TROUBLED commodity trader Noble Group has been locked in intense talks with unsecured creditors in Hong Kong and London in recent weeks for a "holistic" restructuring of its US$3.5 billion debt pile.
Sources say a resolution could be reached by Christmas. The "single proposal" to tackle the unsecured loans and debt papers will not involve an extension of repayment, as the group is eager to "resolve this now", The Business Times understands.
Copyright SPH Media. All rights reserved.
TRENDING NOW
StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain
Singaporeans can now buy record amount of yen per Singdollar
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Keppel DC Reit posts 13.2% higher Q1 DPU of S$0.02833 on strong portfolio performance
