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21-08-2015, 09:17 AM
Secured debt, is the option explored...
Noble Group said to discuss move to secured financing with banks: sources
LONDON (Aug 21): Noble Group Ltd ( Financial Dashboard), the commodity trader battling criticism of its accounting, is talking to its banks about shifting the way it finances itself, pledging commodity inventories to guarantee some debt, four people with knowledge of the matter said.
The use of secured finance, a system used by several of Noble's competitors, could help the trader to boost its liquidity, reassuring the market. But some existing bondholders and lenders may see themselves relegated in potential claims.
...
http://www.theedgemarkets.com/sg/article...ks-sources
Noble Group said to discuss move to secured financing with banks: sources
LONDON (Aug 21): Noble Group Ltd ( Financial Dashboard), the commodity trader battling criticism of its accounting, is talking to its banks about shifting the way it finances itself, pledging commodity inventories to guarantee some debt, four people with knowledge of the matter said.
The use of secured finance, a system used by several of Noble's competitors, could help the trader to boost its liquidity, reassuring the market. But some existing bondholders and lenders may see themselves relegated in potential claims.
...
http://www.theedgemarkets.com/sg/article...ks-sources
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