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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
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