Noble Group in $200 mln share sale - term sheet

HONG KONG May 11 (Reuters) - Commodities trader Noble Group (NOBG.SI) was raising about $200 million in a top-up share placement on Monday priced at a discount of 4.8-8.4 percent to its closing price on Monday, according to a term sheet obtained by Reuters.

Noble Temple Trading Inc, the firm's biggest shareholder, was selling the shares ahead of the placement at S$1.52-S$1.58 each in a deal handled by Cazenove & Co and JPMorgan (JPM.N). Of the shares being sold, 70 percent are new and 30 percent are existing shares.

The deal can be increased to $250 million, the term sheet said. Noble Group shares closed on Monday at S$1.66 each.

($1=1.46 Singapore dollar)

(Reporting by Tony Munroe, Editing by Jacqueline Wong)