Noble Group Can Pay 2018 Bond And Others Can’t Stop It: Lawfirm
As investors grow doubtful of a full repayment by Noble Group Ltd. on its $379 million notes due in two weeks, one law firm says the embattled company can pay the principal if it chooses to and other senior creditors won’t be able to stand in its way. “Since Noble is not in formal insolvency proceedings, Noble can pay the 20 March 2018 bond principal,” Kingsley Ong, a Hong Kong-based partner at Eversheds Sutherland, who specializes in debt ........
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