Noble to defer coupon payment, confirms US$2b credit extension

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.