Medium Term Notes blog update profiles Noble Group, a commodity trader in Asia, buying back its $20 million medium term notes. This update is courtesy of the Business Times.
Asia’s largest commodity trader, Noble Group, on Thursday said it has repurchased US$20 million in aggregate principal amount of the 3.625 per cent US dollar fixed rate medium term notes due in 2018.
The medium term notes were issued in March 2013.
Noble said the purchase represents about 5 per cent of the total aggregate principal amount of the notes.
It added that the repurchased notes had been cancelled on Wednesday in line with the terms and conditions of the notes.
As at Wednesday, US$380 million in aggregate principal amount of the medium term notes was outstanding.
These notes are listed on the official list of the Singapore Securities Exchange Trading Limited (SGX-ST).
“SGX-ST’s approval in-principle for the listing of the notes is not to be taken as an indication of the merits of the medium term notes, the company or its subsidiaries,” said Noble.by