Published on 3/6/2017 in the Prospect News Emerging Markets Daily.
New Issue: China's Noble Group prices $750 million 8¾% bonds due 2022
By Wendy Van Sickle
Columbus, Ohio, March 6 – China’s Noble Group Ltd. priced a $750 million of 8¾% bonds due March 9, 2022 on Monday, according to a notice from the company.
Hongkong and Shanghai Banking Corp. Ltd., ING Bank NV, Singapore Branch, Morgan Stanley & Co. International plc and Societe Generale are the lead managers and bookrunners of the Regulation S deal.
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.
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| Issue: | Bonds
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| Amount: | $750 million
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| Maturity: | March 9, 2022
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| Coupon: | 8¾%
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| Bookrunners: | Hongkong and Shanghai Banking Corp. Ltd., ING Bank NV, Singapore Branch, Morgan Stanley & Co. International plc and Societe Generale
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| Co-Managers: | ABN Amro Bank NV, DBS Bank Ltd. and Cooperatieve Rabobank UA
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| Pricing date: | March 6
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| Settlement date: | March 9
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| Distribution: | Regulation S
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