New Issue-Noble Group sells $750 mln notes in 2 parts

Fri Jul 30, 2010 3:00pm EDT

 July 30 (Reuters) - Noble Group Ltd (NOBG.SI) on Friday
sold $750 million of senior notes in two parts in the 144a
private placement market, said IFR, a Thomson Reuters service.
 JP Morgan was the sole bookrunning manager for the sale.
BORROWER: NOBLE GROUP LTD
TRANCHE 1                                                
AMT $500 MLN      COUPON 4.875 PCT    MATURITY 8/5/2015  
TYPE SR NTS       ISS PRICE 99.842    FIRST PAY 2/5/2011 
MOODY'S Baa3      YIELD N/A           SETTLEMENT 8/5/2010
S&P BBB-MINUS     SPREAD 330 BPS      PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS    MORE THAN TREAS    NON-CALLABLE       
TRANCHE 2                                                
AMT $250 MLN      COUPON 6.625 PCT    MATURITY 8/5/2020  
TYPE SR NTS       ISS PRICE 99.704    FIRST PAY 2/5/2011 
MOODY'S Baa3      YIELD N/A           SETTLEMENT 8/5/2010
S&P BBB-MINUS     SPREAD 375 BPS      PAY FREQ SEMI-ANNUAL
FITCH BBB-MINUS    MORE THAN TREAS    NON-CALLABLE 5 YRS 


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