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Published on 5/27/2011 in the Prospect News Emerging Markets Daily, Prospect News Investment Grade Daily and Prospect News Liability Management Daily.

Hong Kong's Noble Group calls remaining 6 5/8% senior notes due 2015

By Marisa Wong

Madison, Wis., May 27 - Noble Group Ltd. announced that it will redeem all of its outstanding 6 5/8% senior notes due 2015 on June 28.

The principal amount of the notes totaled $700 million at issuance in 2005. As of May 27, there was $191,859,000 principal amount of the notes outstanding.

The notes will be redeemed at 102.208 plus accrued interest up to but excluding the redemption date.

Noble Group is a Hong Kong-based global supply chain manager.


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