Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Noble Said to Hire 16 Banks for $1.5 Billion of Loans

Don't Miss Out —
Follow us on:

March 22 (Bloomberg) -- Noble Group Ltd., Asia’s biggest publicly traded commodities trader by sales, hired 16 banks to help arrange a $1.5 billion loan, according to a person familiar with the matter.

The banks are Australia & New Zealand Banking Group Ltd., ABN Amro Bank NV, Bank of America Corp., Bank of Tokyo-Mitsubishi UFJ Ltd., Citigroup Inc., DBS Group Holdings Ltd., Goldman Sachs Group Inc., HSBC Holdings Plc, Lloyds Banking Group Plc., ING Groep NV, JPMorgan Chase & Co., Rabobank International, Royal Bank of Scotland Group Plc, Societe Generale SA, Standard Chartered Bank Plc and United Overseas Bank Ltd., the person said.

The loan will be split into a $600 million, 364-day facility and a $900 million, three-year facility, the person said, asking not to be identified because the details are private.

Noble is offering to pay a margin of 130 basis points more than the London interbank offered rate for the 364-day facility and a margin of 220 basis points for the three-year facility, the person said.

The company will meet with banks to market the loan to other lenders in New York on March 27, London on March 29 and Singapore and Hong Kong in mid-April, another person familiar with the matter said, also declining to be identified because details are private.

To contact the reporters on this story: Wendy Mock in Hong Kong at wmock3@bloomberg.net; Patricia Kuo in London at pkuo2@bloomberg.net

To contact the editor responsible for this story: Shelley Smith at ssmith118@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.