nottheaverageactuary

Actuarial news and views from Cape Town and beyond

Noble Group pays off bonds worth $735 million

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Noble Group is a company that manages global supply chains of various industrial and energy products. This morning, the company paid off $735 million of its own bonds to placate the concerns about their share price halving in the past six months. This reduction of debt equity has resulted in a 1.8% increase in the share price by noon in Singapore.

For more information, you can read the articles in the Financial Times and on Bloomberg.

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