Noble’s fate hangs on Bermuda restructuring

Noble Group’s existence hangs in the balance as it seeks approval from a Bermuda court to restructure $3.5 billion of debt.

Noble’s fate hangs on Bermuda restructuring

Noble Group’s life hangs in the balance. In a final attempt to preserve whatever value is left for creditors and shareholders it is seeking approval from a Bermuda court to restructure.

The commodities trader, under investigation by the Singapore authorities, warned that it would go into full liquidation if the restructuring fails. Even if the $3.5 billion restructuring proceeds, shareholders will suffer, market watchers say.

On December 12, the Singapore-listed firm said...

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