Noble Group bank loans plunge amid concerns about prospects


HONG KONG: Prices on Noble Group Ltd’s bank debt sank further in the past week amid concerns about prospects for the embattled commodity trader.

Two more blocks of the Hong Kong-based company’s revolving credit facility due May 2018 were traded at 59 US cents and 50 US cents on the US dollar, respectively, this week, people familiar with the matter said.

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