Over 75% of Noble's senior debt holders agree to its $3.5 billion restructuring plan, a crucial step for the turnaround of the embattled commodities trader.
Will Richard Elman's departure herald a breakthrough in talks over Noble Group's contentious restructuring support agreement?
A lawsuit and stock sales underline equity shareholders continuing dissatisfaction with Noble's proposed restructuring as the group defaults on its March 2018 bond issue.
A group of investors present a counterproposal to improve their standing in the embattled commodity trader’s distressed debt exchange.
Investors say the financially-battered commodities trader needs to build on momentum from US oil deal and swiftly outline a debt restructuring plan.
Even as Moody's and S&P again cut the ailing commodities trader's ratings, speculation creditors will throw it a lifeline, propping up bond prices.
The company's stock and bond prices staged a small recovery late last week. Was it just a dead cat bounce, or a sign the company can weather its liquidity crisis?
Commodities trading group hopes to head for calmer waters after avoiding a liquidity crunch by taking advantage of rallying bond prices to re-finance short-term bank debt.
Commodities trader Noble Group, under attack for the second time this year, finds support from lenders who brush aside allegations to back a $2.25 billion 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.
Far East prices maiden perpetual bond, while Noble Group markets its second as investors clamour for duration and yield.
The Singapore-listed commodities trading house confirms the appointment of Yusuf Alireza as chief executive.
Indonesian coal miner Atlas Resources fixes the price at the bottom of the range and scraps the secondary portion of the deal.
Pre-marketing gets under way for SMC Global Power in the Philippines and Parkson Retail Asia in Singapore, while Noble Group plans for a separate listing of its agricultural business.
A roundup of the latest CFO and treasurer moves from around the region.
Noble Group strikes a deal to buy Sempra Energy Solutions for $582 million in a move shareholders applaud.
Hong Kong’s Noble Group returns with a five-year security and a 10-year non-callable issue. The next in line are Coastal Expressways and Olam.
Harry Banga, who will give up his day-to-day responsibilities at Noble in June, cuts his stake to 6.3% by selling close to one-third of his shares.
The Indian stock market is expected to continue its rally in 2010 on the back of strong GDP growth, high inflation and loose US monetary policy, raising the possibility of a bubble forming, according to Noble Group.
Commodity trading company Noble pays a 6.75% coupon for 10-year money ahead of a tender offer for its shorter-dated bonds.