Noble group prices CB

Commodities trading group completes its most ambitious deal to date.

One of Asia's rising mid-caps stars made its debut in the convertible market yesterday Monday raising $200 million under the lead management of JPMorgan. The Hong Kong based, Singapore-listed group has been one of the best performing stocks in the region over the past 12 months and as it has grown, management have worked hard to broaden investor access.

A convertible marks a next logical step for the company following two placements in 2003 - a $24 million offering in February and a $75 million offering in October. A one-for-four share split was also announced last month with the aim of attracting greater retail interest in the company's equity.

Though...

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