Noble’s perpetual bondholders fight back

A group of investors present a counterproposal to improve their standing in the embattled commodity trader’s distressed debt exchange.

Noble’s perpetual bondholders fight back

Investors holding one of the shortest straws in Noble Group’s proposed distressed debt exchange fought back on Monday with a counterproposal they hope will improve the terms being offered to them.

Perpetual bond holders and a number of equity investors led by Abu Dhabi’s Goldilocks have been bitterly opposed to an in-principle deal Noble agreed at the end of January with an opposing group of senior creditors led by Varde Partners, Och-Ziff Capital...

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