Noble Group cancels multi-currency Islamic MTN programme

A Noble Group sign pictured at a meet-the-investors event in Singapore.
A Noble Group sign pictured at a meet-the-investors event in Singapore.PHOTO: REUTERS

SINGAPORE - Noble Group said on Monday night (March 5) that it has cancelled its multi-currency Islamic medium term note programme of up to RM3 billion (S$1 billion).

Under this programme, the commodity trader had issued and fully redeemed three RM300 million tranches of notes.

These comprised one tranche of 4.5 per cent notes due Oct 16, 2015, one tranche of 4.22 per cent notes due Dec 13, 2014 and one tranche of 4.3 per cent notes due Jan 30, 2016.