Home Capital Broker's Calls

Ceasing coverage but DBS hangs on to white knight hope for Noble

PC Lee
PC Lee5/31/2017 3:18 PM GMT+08  • 2 min read
Ceasing coverage but DBS hangs on to white knight hope for Noble
SINGAPORE (May 31): DBS believes Noble Group will be able to refinance its upcoming borrowing base facility in June, contrary to the view of some market participants.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 31): DBS believes Noble Group will be able to refinance its upcoming borrowing base facility in June, contrary to the view of some market participants.

As long as China Investment Corp (CIC) remains a shareholder, analyst Mervin Song says there is hope for Noble's bankers that a key backer will provide support in the worst-case scenario.

“Noble should be able to refinance its credit facilities, albeit smaller in size and with higher borrowing costs,” says Song in an unrated report on Wednesday.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.