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Revisions

Noble calls for surprise trading halt after bond default

PC Lee Published on Thu, Mar 22, 2018 / 11:27 AM GMT+8

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SINGAPORE (Mar 22): Noble Group has called for a trading halt soon after announcing its first bond default.

The surprise trading halt is pending an announcement, Noble says.

With the default on US$379 million ($497.5 million) of fixed rate senior notes already factored in, analysts will look for any hint of progress in its proposed debt restructuring deal that has been opposed by the group's equity investors.