You are here: Home » Reuters » News
Business Standard

Indebted Noble confirms bank loan relief, but skips coupon payment

Reuters  |  SINGAPORE 

By Aradhana AravindanSINGAPORE (Reuters) - Noble Group Ltd on Tuesday confirmed it had extended a key debt deadline and was in "constructive" talks with potential investors, but the crisis-hit trader also pushed back payment of the coupon on a closely watched bond.The decision to defer payment of the coupon on its $400 million perpetual securities, due June 26, worried investors, who said the failure to pay $12 million sent a negative signal and suggested lenders may have asked the group to defer payment where possible. Shares slipped after a sharp rise on Monday."While non payment of the ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, June 20 2017. 09:52 IST