channelnewsasia.com - Noble to raise US#dollar;850m through sale of bonds
   
 
  blogs  
 
yournews
   
   
Video Finance Lifestyle Travel Weather Discussion TV Shows
CNA Live    | About Us 
 
  Home ›
 
Singapore News
Smaller Text Size Larger Text Size

 
 

Noble to raise US$850m through sale of bonds
By Mok Fei Fei, 938LIVE | Posted: 23 October 2009 1436 hrs

 
 
Photos  of

   
 

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.


- 938LIVE/so


 

 
Bookmark and Share



Other singapore News
SingTel's Q3 net profit up 24% to S$991m
CapitaLand sees overwhelming response to China condominium
Australand reports net loss of A$298.2m
Valuetronics' Q3 net profit up 7.8% on-year
Novena Holdings returns to profit, gets out of furniture business
URA puts up Mohamed Sultan Road office site for sale
AV Jennings reports net profit of A$3.2m
Cogent plans to raise net proceeds of S$9.1m in IPO
CMT buys Clarke Quay from CapitaMalls Asia for S$268m
Citibank becomes bank clearing member for SGX securities market
Number of business travellers set to increase this year
Fabchem China's Q3 net profit falls 14.9% to US$1.7m
Singapore shares end higher on bargain-hunting

 

 
Affiliate Sites:
 
About Us  |  Contact Us  |  Advertise with Us  |  Terms & Conditions