This bond marks our first return to the US dollar market since 2010 - PHOTO : BLOOMBERG
NOBLE Group successfully priced on Wednesday its five-year
US$400 million (S$500 million) bonds, which received a warm response
from investors.
The bonds, which will pay 3.625 per cent coupon twice a year, will be priced at 99.268 per cent of the principal amount.
Demand was healthy, with the bonds being more than six times oversubscribed by over 200 accounts from Asia and Europe, the commodities firm said yesterday.
"This bond marks our first return to the US dollar market since 2010. We are delighted with the outstanding investor response," said group treasurer Wildrik de Blank, adding that the firm has been able to extend its debt maturity profile and lock in cheap funding with the bond issuance.
Demand was healthy, with the bonds being more than six times oversubscribed by over 200 accounts from Asia and Europe, the commodities firm said yesterday.
"This bond marks our first return to the US dollar market since 2010. We are delighted with the outstanding investor response," said group treasurer Wildrik de Blank, adding that the firm has been able to extend its debt maturity profile and lock in cheap funding with the bond issuance.
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