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Noble in intense talks to repackage debts holistically

A source says this could be resolved by Christmas; asset disposals are key in the commodity trader's survival bid

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Anita Gabriel

Anita Gabriel

Published Tue, Dec 5, 2017 · 09:50 PM

    Singapore

    TROUBLED commodity trader Noble Group has been locked in intense talks with unsecured creditors in Hong Kong and London in recent weeks for a "holistic" restructuring of its US$3.5 billion debt pile.

    Sources say a resolution could be reached by Christmas. The "single proposal" to tackle the unsecured loans and debt papers will not involve an extension of repayment, as the group is eager to "resolve this now", The Business Times understands.

    noble group

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