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China’s Noble Group cancels RM 3 billion multicurrency sukuk program
By Marisa Wong
Morgantown, W.Va., March 5 – Noble Group Ltd. said it has cancelled its RM 3 billion multicurrency Islamic medium-term note program.
Under the program, the company had issued RM 300 million of 4½% notes due Oct. 16, 2015, RM 300 million of 4.22% notes due Dec. 13, 2014 and RM 300 million of 4.3% notes due Jan. 30, 2016.
Noble Group is a Hong Kong-based conglomerate that focuses on raw materials.
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