Noble mandates nine banks for $1.2bn loan refi to term out debt and cut pricing

Commodities trader Noble Group mandated nine banks to manage a $1.2bn refinancing, it said last Friday (June 4). The deal follows a spate of popular loans from commodities firms to hit the Asian markets this year.

  • 11 Jun 2010

Noble Group has mandated China Development Bank, Citi, Commerzbank, DBS Bank, ING, Rabobank, Royal Bank of Scotland, Société Générale and Standard Chartered as joint bookrunners and mandated lead arrangers on the deal.

The loan is an increase of Noble Group’s outstanding $800m revolver, which falls due in May 2011. ...

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