I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Friday 15 March 2013

Noble's US$400m bond issue 6 times oversubscribed

Firm's credit rating outlook changed to 'stable' after release of results recently
 

CURRENCY843
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.

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