Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item |
China’s Noble Group to redeem $350 million 8½% perpetual notes
By Jennifer Chiou
New York, June 18 – China’s Noble Group Ltd. announced that it will redeem in whole its $350 million of 8½% perpetual capital securities issued on Nov. 1, 2010.
The redemption notice follows the occurrence of a change or clarification in the rules of Standard & Poor’s and Fitch Ratings’ hybrid rating methodologies.
The securities will be redeemed on July 21.
The redemption will be funded using the proceeds from the company’s $350 million issue of 6% perpetual securities.
Noble Group is a Hong Kong-based conglomerate that focuses on raw materials.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.