Noble expands into forfaiting

With a team poached from its troubled rival, Asia''s Noble Group sets up a forfaiting team in London.
June 12, 2002

The trade finance division of commodity trading company Noble Group has established a forfaiting operation in London to trade in short and long term trade assets. The new venture for the Singapore-listed, Hong Kong-based company comes less than a year after it first dipped its toes in trade finance by offering clients structured commodity finance, lending and factoring.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

Lenders back Noble despite Muddy Waters attack

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.
April 10, 2015

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.
March 05, 2015

Noble founder steps aside ahead of key vote

The founder of Noble will free up his executive director role ahead of the beleaguered commodity trading firm's vote on its $3.5 billion debt-for-equity swap.
August 20, 2018