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Noble's bank debt prices show investors think worst isn't over

SPOOKED: Bond investors are also concerned about Noble's financial health. The yield on its 6.75% notes due 2020 is at 27%.


FOR all the steps that Noble Group Ltd has taken to shore up its cash, investors in its bank debt are signalling concern that the worst isn't over for the commodities trader after its ratings were cut to junk.

A parcel of about US$15 million of a group credit facility...