Noble Group eyeing $3b loan facility

The commodities trader has reached out to relationship lenders for a revolving credit facility worth up to $3 billion after a weak quarter and in the face of Iceberg's allegations.

Noble Group eyeing $3b loan facility

Singapore-listed commodities trader Noble Group has reached out to relationship banks to put together a revolving credit facility, according to sources familiar with the matter.

The Hong Kong-based company founded by British businessman Richard Elman is eyeing a facility worth up to $3 billion with tenors of one and three years and is expecting commitments by the end of March, one lender told FinanceAsia.

Among the head winds are allegations...

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