SINGAPORE (Reuters) – Embattled commodities trader Noble Group has opted not to pay the coupon on a $750 million bond, but said on Monday that it was very close to reaching final terms with a group of senior creditors over a proposed restructuring of its debt.
The company, which reported a $4.9 billion loss for 2017, has been negotiating a $3.4 billion debt-for-equity swap – crucial to its survival – after it sold billions of dollars of assets, took hefty writedowns and cut hundreds of jobs over the past three years.
In reaching its decision not to pay the coupon, the Board consulted e…
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