Noble, the Hong Kong commodity trader, has said it will miss interest and principal payments on a $379m bond due to mature on Tuesday.
It said it will also miss a coupon payment due last week on $750m of bonds maturing in March 2022, for which it can use a 30-day grace period.
In reaching this decision, Noble said it had taken into consideration both the advice received from the group’s legal and financial advisors and its obligations under the restructuring support agreement (RSA).
