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Noble redeems US$735m of bonds

Analyst says short-sellers could still be betting on the downside for Noble shares

Angela Tan

Published Thu, Aug 6, 2015 · 09:50 PM

Singapore

NOBLE Group has fully redeemed US$735 million worth of bonds, a move seen by some observers as demonstrating the ample liquidity that the commodities group talked about this week.

The Hong Kong-based commodities group said on Thursday that it has fully redeemed US$500 million of its 4.875 per cent senior notes due 2015 on Aug 5, the scheduled maturity date. There are no 2015 securities outstanding.

It has also on Aug 5 redeemed in full US$235 million…