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Noble redeems bonds, plans new issue of perpetual securities

Published on Jun 16, 2014 1:42 PM
 

SINGAPORE - Noble Group said on Monday it has fully redeemed US$250 million (S$312.7 million) in zero-coupon convertible bonds due this year.

The commodities trader also said it is planning another issue of US-dollar denominated perpetual securities, and has appointed five banks as joint bookrunners and joint lead managers for the issue.

The banks are Bank of America Merrill Lynch, Citigroup, HSBC, J.P. Morgan and Société Générale Corporate & Investment Banking.

Noble will use the proceeds from the new issue to redeem its 8.5 per cent perpetual securities issued on Nov 1, 2010, as well as for general corporate purposes, it said.

 
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