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Noble Group Ltd Proposes Issue Of CNY1 Billion 4.00% Notes Due 2016 Under USD3,000,000,000 Medium Term Note Program

Wednesday, 23 Jan 2013 11:05am EST 

Noble Group Ltd announced that with refers Previous Announcement made by the Company in connection with its establishment of a USD3,000,000,000 Medium Term Note Program (the Program). Unless otherwise defined, all capitalised terms used herein shall bear the same meaning and construction as ascribed to them in the Previous Announcement. Under the Program, the Company may issue notes from time to time in various currencies, amounts and tenors. Further to the Previous Announcement, the Board announced that the Company has on January 23, 2013 priced Chinese Yuan (CNY) 1 billion in principal amount of 4.00% notes (Notes) due 2016 to be issued under the Program. BNP Paribas, Commerzbank AG and The Royal Bank of Scotland plc have each been appointed as managers in relation to the issue of the Notes. The principal terms of the Notes are as follows: Issue Size - CNY1 billion aggregate principal amount of Notes; IssuePrice - 100% of the principal amount of the Notes; Interest - The Notes will bear interest at a rate of 4.00% per annum (payable semi-annually in arrears) Yield to Maturity - 4.00% per annum; Maturity Date - January 30, 2016. The net proceeds from the Notes will be used for refinancing and general corporate purposes. The closing date for the issue of the Notes is expected to be on or about January 30, 2013. 

Company Quote

0.0050 +0.45%
26 Dec 2014