Noble banks look to upsize after big response

Noble Group, the Hong Kong based commodities company, plans to wrap up a $1.5bn loan this Friday after attracting over $2bn of demand from more than 50 banks.

  • 10 Nov 2010

The 19 mandated lead arrangers committed $1.33bn when the deal launched, or $70m each, and they always thought it was likely to be increased.

“This deal was launched at a level slightly below what the borrower wants to borrow to sound out demand,” said a banker on the ...

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