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Noble Group, the commodities supplier that counts China’s sovereign wealth fund as a shareholder, is marketing a sale of perpetual bonds in US dollars, according to a person familiar with the matter.
Noble is offering the notes to investors to yield about 8.5%, said the person, who asked not to be identified because the details are private. The notes will be priced as soon as next week, the person said.
JPMorgan Chase & Co., Royal Bank of Scotland Group Plc and Standard Chartered Plc are managing the benchmark sale, the person said. Benchmark typically means at least US$500 million ($651 million).
