Home THE DAILY EDGE Business Noble Group said to plan sale of five-, 10-year bonds in dollars
Noble Group said to plan sale of five-, 10-year bonds in dollars
Written by Bloomberg   
Friday, 30 July 2010 11:20
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Noble Group, the commodities supplier backed by China’s sovereign wealth fund, plans to sell five- and 10-year bonds denominated in U.S. dollars as soon as today, according to a person familiar with the matter.

JPMorgan Chase & Co. is managing the benchmark sale, said the person, who asked not to be identified because the details are private. Benchmark typically means at least US$500 million ($681 million).
 
The company has the right to buy the 10-year bonds back after five years, according to the person.
 
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Noble Group said to plan sale of five-, 10-year bonds in dollars
Friday, 30 July 2010

Last Updated on Friday, 30 July 2010 11:21