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Thursday, May 18, 2017

Noble Group needs USD$2b for its survival. Let's see which bank(s) will loan to noble.

https://finance.yahoo.com/news/noble-group-lifeline-depends-bank-041457093.html

Commodity prices won't recover in the short time and the commodities markets will still be in the doldrum because China is reducing its commodities demands.

If Noble cannot get this USD$2b loan, it will be in serious trouble.  This will be like those oil&gas companies going bankrupt.  USD$2b is not a small sum and Noble won't get this from a single bank but from multiple banks if these banks still have confidence in Noble's repayment abilities.

As Noble is currently generating negative cash flows, I would say that the banks have little confidence in Noble.

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