Noble to defer coupon payment, confirms US$2b credit extension
Independent non-executive director to become special adviser to chairman
Add BT as a preferred source
Singapore
NOBLE Group on Tuesday said it will be deferring coupon payment on its perpetual bonds due a week later, as it confirmed news reports that it had extended its US$2 billion credit facility by four months.
The struggling commodity trader also said that Peter James O'Donnell, appointed as an independent non-executive director in May, will step down from the role to take on an executive role as special adviser to the chairman on corporate strategy.
TRENDING NOW
DBS, OCBC, UOB push STI to new highs as institutions pile in ahead of earnings
Employers want AI-fluent employees. Hiring them is the challenge
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
Eligible Singaporeans to receive up to S$850 in GSTV cash, up to S$450 in MediSave top-ups in August
