Noble trouble: Group misses bond payment amid restructuring talks

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By Addison Gong
21 Mar 2018

Commodities trader Noble Group decided not to repay a $379m bond that matured this week, triggering an event of default. But the latest development got little reaction from the market, as the company has long been in the process of restructuring almost $3.4bn of debt.

Noble, once Asia’s largest commodity trader, officially defaulted on its outstanding $379m 3.625% 2018 bond on Tuesday, missing the repayment of bond principal and accrued interest. It has also not paid the coupon on

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