Time running out for Noble Group to reach deal with funds
13 March 2018

The moment of truth is approaching for Hong Kong-headquartered Noble Group. Nearly a year after a shock trading loss sent it spiraling toward collapse, the commodity trader is racing to reach a deal with a group of senior creditors before a $379 million bond maturity on March 20. Noble announced earlier this week that it had decided against paying a coupon on its 2022 bond that was due last Friday. While it has a 30-day grace period on the coupon, there is reportedly no such grace period on the 2018 bond maturity.

Become a full TXF Essentials subscriber today for TXF’s very own expert news, data and analysis 365 days a year.
Click here to find out more