Noble repurchases US$20m medium term notes issued in March 2013
ASIA'S largest commodity trader, Noble Group, on Thursday said it has repurchased US$20 million in aggregate principal amount of the 3.625 per cent US dollar fixed rate medium term notes due in 2018.
The medium term notes were issued in March 2013.
Noble said the purchase represents about 5 per cent of the total aggregate principal amount of the notes.
It added that the repurchased notes had been cancelled on Wednesday in line with the terms and conditions of the notes.
As at Wednesday, US$380 million in aggregate principal amount of the medium term notes was outstanding.
These notes are listed on the official list of the Singapore Securities Exchange Trading Limited (SGX-ST).
"SGX-ST's approval in-principle for the listing of the notes is not to be taken as an indication of the merits of the medium term notes, the company or its subsidiaries," said Noble.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance