• ENGLISH
  • ESPAÑOL
facebook
twitter
  • National>Entertainment
  • National>Local Economics
  • National>Local Politics
  • National>Society
  • National>Sports
BREAKING NEWS
Police investigate explosive envelopes to 4 media outlets in Ecuador
Earthquake in Ecuador caused 14 deaths and affected 1,107 people and 235 homes
Government rejects presentation of political trial against President Guillermo Lasso
Non-oil non-mining exports grew in January 2023
The solution to the Ecuador-Argentina impasse will require high-level intervention
Banking rules out a tailspin in Ecuador due to the fall of Silicon Valley Bank
The Cabify transport platform stops operating in Ecuador
Export companies led by women are more productive
Bankruptcy of US banks: will it have effects for Ecuador?
Duarte changed Argentine embassy, ​​went from Quito to Caracas

Noble Group loaned $ 1 billion to Petroecuador, according to Bloomberg

Posted On 28 Sep 2014

image

The American unit of the Noble Group Americas loaned $ 1 billion on September to the state public oil company of Ecuador, Petroecuador, according to documents gathered in the U.S. by Bloomberg. This debt was transformed into notes (bonds or stocks) traded that Noble then sold to investors through a trust established in the Cayman Islands.

The name of the trust is Noble Sovereign Funding I Ltd. These notes have a maturity to 2019 and were placed with an interest rate of 5.63 percentage points above the three-month LIBOR interest rate. That is to say about 6%. The bonds were sold at $ 0.98 each, according to data compiled by Bloomberg.

About the Author
  • google-share
Previous Story

Marvel comics reaches agreement in superheroes demand

Next Story

Private Banking is expectant for the new 0.5% credit tax

SEARCH

LATEST NEWS

Police investigate explosive envelopes to 4 media outlets in Ecuador

Posted On 20 Mar 2023

Earthquake in Ecuador caused 14 deaths and affected 1,107 people and 235 homes

Posted On 20 Mar 2023

Government rejects presentation of political trial against President Guillermo Lasso

Posted On 17 Mar 2023
Copyright © 2010 - 2019. All Rights Reserved. EcuadorTimes.net