Noble Group pays coupon on 2020 bond: market sources

SINGAPORE (Aug 1): Singapore-listed commodities trader Noble Group has paid the coupon on its 2020 bond, market sources said on Tuesday.

The payment of about US$40 million ($54.2 million) to bond holders comes after the trader last week announced asset sales and flagged a quarterly loss of as much as US$1.8 billion. Market participants were looking to the coupon payment as an indication of Noble's ability to service debt.

An external spokeswoman for Noble had no immediate comment.

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