Noble Group: Default On Coupon Of US$750 Million 8.75% Notes Due 2022.12 Mar 2018 08:31
Noble Group Limited has not paid the coupon due 9 March 2018 with respect to the US$750 million notes due 9 March 2022. In accordance with the terms of the 2022 Notes, the Company has availed itself of a 30-day grace period. In reaching its decision not to pay the coupon, the Board consulted extensively with an ad hoc group of the Group's senior creditors and took into consideration advice received from the Group's legal and financial advisors...
Source: ShareInvestor Express