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Noble Group Is Running Out of Time

  • Time is running out for trading house to reach deal with funds
  • Company is seeking to avoid default that would damage business
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Bloomberg’s Lianting Tu reports on Noble Group’s latest missed bond payment and restructuring deal.(Source: Bloomberg)
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The moment of truth is approaching for Noble Group Ltd.

Nearly a year after a shock trading loss sent it spiraling toward collapse, the commodity trader is racing to reach a deal with a group of senior creditors before a $379 million bond maturity on March 20, according to people familiar with the matter.