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China’s Noble plans dollar-denominated perpetual capital securities
By Marisa Wong
Madison, Wis., June 16 – Noble Group Ltd. said it plans to issue dollar-denominated perpetual capital securities.
Bank of America Merrill Lynch, Citigroup, HSBC, JPMorgan and Societe Generale Corporate & Investment Banking will be the joint bookrunners and joint lead managers.
The company plans to use the proceeds to redeem its 8½% perpetual capital securities issued in November 2010 and for general corporate purposes.
Noble Group is a Hong Kong-based conglomerate that focuses on raw materials.
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