SINGAPORE : Mainboard-listed commodities firm Noble Group on Wednesday said it has successfully closed a US$2.4 billion syndicated corporate loan.

The company said the facilities were launched with a target size of US$1.8 billion.

But due to exceptional interest, they were substantially oversubscribed. As such, the final size of the facilities was increased to US$2.4 billion.

Noble said this is the largest completed US dollar syndicated corporate loan in Asia Pacific year-to-date.

It plans to use the facilities for general corporate purposes.

The lead arrangers for the loan include Agricultural Bank of China, The Bank of Tokyo-Mitsubishi UFJ, DBS Bank, HSBC and ING Bank. - CNA/ms