• Noble Group Seeks a US$450 Million Trade Support Facility

  • 17 November 2006 Hong Kong

    Noble Group Limited (Noble), a Hong Kong based raw material supply chain manager, has launched a 2 year US$450 million Committed Guarantee Facility.

    Noble mandated ING Bank NV, Societe Generale Corporate & Investment Banking and Standard Chartered Bank to arrange the facility in support of its Group's trading activities and in connection with its obligations to issue Standby Letters of Credit, Bank Guarantees, Bid Bonds and Performance Bonds.

    This is a land mark transaction for Noble, as the deal will provide for issuance of a wide range of contingent instruments on behalf of world wide subsidiaries, in support of the continuing growth of its agricultural, energy, metals minerals & ores and logistic segments. The facility does not represent any added balance sheet exposure, as usage under the facility represents contingent liabilities which are liquidated in the ordinary course of business.

    The terms and conditions of the fully underwritten deal reflect Noble's strong financial position and its efforts to establish greater financial stability. They are moreover testament to the solid relationships Noble has built over the years with its Bankers.


    About Noble Group
    Noble Group Limited (SGX: NOBL) is a market leader in managing the global supply chain of agricultural, industrial and energy products. Achieving the second highest profitability in 2005 with net profits of US$231 million representing a 36% ROE on US$11.7 billion in revenue, the Group operates a network of over 70 offices in 42 countries serving more than 3500 customers.

    Noble Group was selected by Corporate Governance Asia as a member of the Corporate Governance Recognition Awards Class Of 2006 - The Best in Asia. In 2005, Noble Group was assigned ratings from Moody's Investors Service and Standard & Poor's Ratings Agency and joined the benchmark Straits Times Index, MSCI Index in Singapore and the FTSE - Hang Seng Index. During this period, the Group was recognized as one of BusinessWeek's Stars of Asia and FinanceAsia's Best Companies, a leader in Corporate Governance by The Asset and a Best Employer by Hewitt Associates. Noble also topped The Forbes Global 2000 - Total Return over the last five years.

    In 2004, Noble Group's Board of Directors was awarded the Listed Companies (Main Board) Boards Award from The Hong Kong Institute of Directors and ranked first on the Billion-dollar club of the Singapore Stock Exchange for Total Shareholder Returns over a 3 and 5 year period.

    For further details please contact:
    Enquiries:
    Noble Group Limited
    Tel: +852 2861 3511
    Fax: +852 2527 0282
    Email: noble@thisisnoble.com

    Mr. Brad Smolar
    Smolar Limited
    Tel: +852 2522 0268
    Fax: +852 2573 2473
    Email: reputation@smolar.com