Noble on course for high yield hit
Noble Group, the Hong Kong-based trading house, looks set for a successful return to the dollar bond market after bankers reported its $500m five year bond was well oversubscribed. With two sub-investment grade ratings, the deal is being touted as the re-opening of the Asian high yield market, but will it be enough to kick the region’s borrowers into action? Read EuroWeek this Friday for a full report on the deal.
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