By Christine Van Dusen
Atlanta, Jan. 23 - China's Noble Group Ltd. sold RMB 1 billion three-year notes (/BBB-/) at par to yield 4%, according to a company filing.
The notes were talked in the 4% area.
BNP Paribas, Commerzbank and RBS were the bookrunners for the Regulation S deal.
The proceeds will be used for refinancing and general corporate purposes.
Noble Group is a Hong Kong-based conglomerate that focuses on raw materials.
| Issuer: | Noble Group Ltd.
|
| Amount: | RMB 1 billion
|
| Maturity: | Jan. 30, 2016
|
| Description: | Senior notes
|
| Bookrunners: | BNP Paribas, Commerzbank, RBS
|
| Coupon: | 4%
|
| Price: | Par
|
| Yield: | 4%
|
| Change-of-control put: | At 101%
|
| Trade date: | Jan. 23
|
| Settlement date: | Jan. 30
|
| Rating: | Standard & Poor's: BBB-
|
| Distribution: | Regulation S
|
| Price talk: | 4% area
|
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