Noble Group, the commodities supplier that counts China’s sovereign wealth fund as a shareholder, plans to sell perpetual bonds in dollars, a Singapore stock exchange filing showed.

The Hong Kong-based company hired JPMorgan Chase & Co., Royal Bank of Scotland Group Plc and Standard Chartered Plc to help it sell the notes, the announcement said. Noble will meet with investors in Hong Kong on Oct. 20 and Singapore on Oct. 21, two people with direct knowledge of the matter said, asking not to be identified as details are private.

 

A perpetual note sale would be Noble’s first, according to data compiled by Bloomberg. It’s sold bonds twice this year, issuing U$500 million ($652 million) of 4.875% notes that mature in August 2015 and US$250 million of 6.625% notes due August 2020, the data show. The 2015 notes fell to 104.13 cents on the dollar to yield 3.92%, their lowest since Oct. 4, according to RBS prices.

 

There have been seven perpetual note sales in Asia-Pacific outside Japan this year, compared with four the same period of 2009 and 12 the same period of 2008, Bloomberg data show. The securities have no maturity date and are typically callable after about five years.

 

Proceeds from the sale will be used for general corporate purposes, Noble’s statement said. Noble’s stock was little changed at $1.96 as of 10:40 a.m. in Singapore.