NEWS BITES ASIAN MARKETS
[News Story] Noble Group Limited (the "Company") is pleased to announce the launch of its syndication and arrangement of US$1,550,000,000 committed unsecured revolving loan facilities.
The Company has appointed ABN AMRO Bank N.V., Hong Kong Branch, Agricultural Bank of China Limited, New York Branch, Agricultural Bank of China Limited, Singapore Branch, Australia and New Zealand Banking Group Limited, Bank of America, N.A., The Bank of Tokyo-Mitsubishi UFJ, Ltd., Citigroup Global Markets Asia Limited (lending through its Affiliate, Citibank, N.A., Hong Kong Branch), Commerzbank AG, Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A. (trading as Rabobank International), DBS Bank Ltd, Goldman Sachs Bank USA, The Hongkong and Shanghai Banking Corporation Limited, ICBC (London) plc, ING Bank N.V., JPMorgan Chase Bank, N.A., Hong Kong Branch, Lloyds TSB Bank plc, Natixis, Hong Kong Branch, National Australia Bank Limited, The Royal Bank of Scotland plc, Hong Kong Branch, Societe Generale, Standard Chartered Bank (Hong Kong) Limited and United Overseas Bank Limited as the bookrunner mandated lead arrangers.
The launch comprises the syndication of a US$500,000,000 364-day committed unsecured revolving loan facility and a US$500,000,000 three-year committed unsecured revolving loan facility and the arrangement on a club basis of a US$550,000,000 three-year committed unsecured revolving loan facility. The Company will apply all amounts borrowed under the facilities for the refinancing of certain of its existing debt and for its general corporate purposes.
Source: Singapore Exchange
Noble Group (N21.SI) MCap is SGD7.4 billion (US$6 billion) at the last price of SGD1.15. Yield of 1.8% [1.0%]; rank 251 out of 352 stocks with dividends.
Currency Conversion: Singapore Dollar SGD1= US$0.802 [or US$1=SGD1.25]; Against the US$ the SGD fell 55.8 basis points (or 0.6%) for the day; declined 0.7% for the week; weakened 0.7% for the month; dipped 0.9% in the past year. SGD1 = 100c.