Noble Group Limited plans issuance of US$ perpetual capital securities

Noble Group Limited is plannng to issue US$ denominated perpetual capital securities as it targets to raise additional funds.

In a statement,the commodity firm said net proceeds from the Securities Offering shall be used for general corporate purposes.

Noble Group has appointed J.P. Morgan Securities Limited and The Royal Bank of Scotland plc as the joint structuring advisors and J.P. Morgan Securities Limited of the Securities Offering.

The Securities Offering in Singapore will be made pursuant to exemptions invoked under Sections 274 and Section 275 of the Securities and Futures Act, Chapter 289 of Singapore (or the equivalent in jurisdictions outside Singapore).

The company said it has also received the in-principle approval of the Singapore Exchange Securities Trading Limited (SGX-ST) for the listing and quotation of the Securities on the Official List of the SGX-ST's approval in-principle for the listing and quotation of the Securities was granted subject to inter alia, submissions to the SGX-ST of confirmations and/or undertakings from the Company.

The Securities Offering will be traded in board lot sizes of not less than S$200,000 (or its equivalent in foreign currencies) for as long as the Securities are listed on the SGX-ST.

Noble Group is a market leader in managing the global supply chain of agricultural, energy, metals and mining resources. The Group operates from over 150 offices and plants in 38 countries and employing approximately 70 nationalities. Noble manages a diversified portfolio of essential raw materials, integrating the sourcing, marketing, processing, financing and transportation.

With 2010 first half year revenues exceeding US$24billion, Noble owns and manages an array of strategic assets, sourcing from low cost producers such as Brazil, Argentina, Australia and Indonesia and supplying to high growth demand markets including China, India and the Middle East.