Noble redeems US$735m of bonds
Analyst says short-sellers could still be betting on the downside for Noble shares
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Angela Tan
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Singapore
NOBLE Group has fully redeemed US$735 million worth of bonds, a move seen by some observers as demonstrating the ample liquidity that the commodities group talked about this week.
The Hong Kong-based commodities group said on Thursday that it has fully redeemed US$500 million of its 4.875 per cent senior notes due 2015 on Aug 5, the scheduled maturity date. There are no 2015 securities outstanding.
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