By Toni Weeks
San Luis Obispo, Calif., April 23 - China's Noble Group Ltd. priced 2.85 billion baht of 3.55% guaranteed bonds due April 26, 2016, according to a company filing.
HSBC Ltd., Bangkok Branch and TMB Bank Public Co. Ltd. are the joint lead arrangers.
According to the filing, the notes will be traded over the counter and not listed for trading on any exchange. The company said it will register the bonds with ThaiBMA within 30 days of issuance.
The notes are callable at par. They are guaranteed by Credit Guarantee and Investment Facility.
Settlement is expected on April 26.
Fitch Ratings (Thailand) Ltd. has assigned the bonds a final national long-term rating of AAA(tha).
Noble Group is a Hong Kong-based conglomerate that focuses on raw materials.
| Issuer: | Noble Group Ltd.
|
| Issue: | Guaranteed bonds of Noble Group Ltd. no. 1/2556 (2013) due B.E. 2559 (2016)
|
| Amount: | 2.85 billion baht
|
| Maturity: | April 26, 2016
|
| Bookrunners: | HSBC Ltd., Bangkok Branch, TMB Bank Public Co. Ltd. (lead)
|
| Coupon: | 3.55%, payable semiannually
|
| Price: | Par of 1,000 baht
|
| Pricing date: | April 23
|
| Settlement date: | April 26
|
| Rating: | Fitch Ratings (Thailand) Ltd.: AAA(tha)
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