SUBSCRIBERS
Embattled Noble faces key financing test after share-price slump
A US$2b one-year credit facility is due for rollover by end-June
Published Thu, May 18, 2017 · 09:50 PM
Singapore
SINGAPORE-LISTED Noble Group faces a key financing test over the next few weeks as it negotiates a rollover of credit facilities against the backdrop of a surprise quarterly loss that pummelled market confidence in the commodity trader.
A US$2 billion credit facility, secured on its inventories and working capital, is due to be rolled over by the end of June.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Hong Kong woos Saudi money in attempt to revive stock market
AMC reports first-quarter loss with fewer studio film releases
Robinhood beats profit estimates on interest income strength
Prudential shutters Hong Kong wealth unit Pulse
Singapore has to be realistic on global trends plaguing its stock market: DPM Wong
Google DeepMind unveils next generation of drug discovery AI model