12
Mar
10:54
Noble Group misses payment
Noble Group failed last Friday to pay a coupon on some of its outstanding debt as the trading house continues to negotiate a debt restructuring agreement with creditors. The company says a deal with creditors is “…very close,” Kallanish notes.
Noble said it took the decision not to pay the coupon as it was very close to agreeing a deal with creditors. The company has a 30-day grace period to pay the coupon on the notes, which are due…
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Anonymous
Very good overview of the weekly steel market.
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