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Noble Group's USD 2 bln loan deal prompts default-swap question

Hong Kong's Noble Group has secured a four-month extension on a USD 2 billion loan, but some investors say the extension represents a restructuring credit event.

Photo: Noble Chartering

BY EMMA ORR, JAVIER BLAS & JACK FARCHY, BLOOMBERG

Just days after Noble Group Ltd. secured a USD 2 billion loan extension, some investors in the credit protection market are looking to get paid.

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