13-08-2015, 03:09 PM
The accusations have made access to capital market became more expensive...
Noble's troubles seep into its bonds: Markit
13 Aug 2015 11:22
By Angela Tan
NOBLE Group's troubles have spread from its stocks into its bonds, according to Simon Colvin, a research analyst at financial information services Markit.
Mr Colvin said accusations of accounting irregularities and the continuing global commodities slump have seen the credit markets turn bearish on the Hong Kong-based commodities group.
Noble's Certificates of Deposit's (CDS) spread has tripled in the last 12 months. The latest 5 year CDS spread stands at 714bps, the highest level since 2009.
...
Source: Business Times Breaking News
Noble's troubles seep into its bonds: Markit
13 Aug 2015 11:22
By Angela Tan
NOBLE Group's troubles have spread from its stocks into its bonds, according to Simon Colvin, a research analyst at financial information services Markit.
Mr Colvin said accusations of accounting irregularities and the continuing global commodities slump have seen the credit markets turn bearish on the Hong Kong-based commodities group.
Noble's Certificates of Deposit's (CDS) spread has tripled in the last 12 months. The latest 5 year CDS spread stands at 714bps, the highest level since 2009.
...
Source: Business Times Breaking News
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