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SINGAPORE: Singapore-listed commodities player Noble said on Friday that it will raise some US$850 million through a sale of bonds.
The issue of US dollar fixed rate senior notes due in 2020 will carry a 6.875 per cent rate per annum.
Noble said estimated net proceeds from the issue are about US$836 million. It intends to use a portion of the net proceeds to repay its existing debt, including up to US$340 million of its outstanding notes due in 2015.
The rest of the funds raised will be used for general corporate purposes, like the refinancing, repurchase or retirement of other debts.
Goldman Sachs, HSBC, JP Morgan and Royal Bank of Scotland are the joint bookrunners.
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