New Straits Times - - Business -


SINGAPORE-listed No­ble Group faces a key fi­nanc­ing test over the next few weeks as it ne­go­ti­ates a rollover of credit fa­cil­i­ties against the back­drop of a sur­prise quar­terly loss that pum­melled mar­ket con­fi­dence in the com­mod­ity trader.

A US$2 bil­lion (RM8.6 bil­lion) credit fa­cil­ity, se­cured on its in­ven­to­ries and work­ing cap­i­tal, was due to be rolled over by the end of June. No­ble has al­ready drawn US$620 mil­lion cash from the one-year fa­cil­ity.

“We are start­ing to talk to the core par­tic­i­pant banks about a new bor­row­ing base fa­cil­ity which

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