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Noble boosts credit facility for two US energy units to US$1.1b

Mr Alireza said the CDS market for Noble was relatively illiquid, which would make it easier for traders to drive up spreads.


COMMODITIES trader Noble Group has boosted the size of an existing credit facility from US$450 million to US$1.1 billion to support its increasingly significant energy products distribution segment in the United States.

The expanded revolving borrowing base facility will...

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