By Marisa Wong
Madison, Wis., Nov. 21 - Noble Group Ltd. said it priced RM 300 million of 4.22% two-year notes at par on Wednesday.
The fixed-rate notes will be issued under the company's RM 3 billion multicurrency Islamic medium-term note program established in March 2012.
HSBC Amanah Malaysia Bhd. and AmInvestment Bank Bhd. are the joint lead managers for the sukuk.
Proceeds will be used for refinancing and general corporate purposes.
The notes are expected to be issued on Dec. 4.
Noble Group is a Hong Kong-based global supply chain manager.
| Issuer: | Noble Group Ltd.
|
| Issue: | Fixed-rate sukuk
|
| Amount: | RM 300 million
|
| Maturity: | Dec. 4, 2014
|
| Joint lead managers: | HSBC Amanah Malaysia Bhd., AmInvestment Bank Bhd.
|
| Coupon: | 4.22%
|
| Price: | Par
|
| Yield: | 4.22%
|
| Pricing date: | Nov. 21
|
| Settlement date: | Dec. 4
|
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