The withdrawal by a core bank is the latest blow to Noble as it moves towards an all-but inevitable debt restructuring, battered by losses of more than US$3 billion so far this year. Noble and DBS declined to comment. The move by DBS to cut its exposure to Noble was first reported by Debtwire.
To continue reading,
Sign in to access this Premium article.
Subscription entitlements:

Less than $9 per month

3 Simultaneous logins across all devices

Unlimited access to latest and premium articles

Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Related Stories
- Manulife US REIT warns of ‘risk of liquidation’ should EGM resolutions fail
- Manulife US REIT seeks unitholder vote for divestments, eyeing industrial, living, retail assets in US, Canada
- Manulife US REIT secures two-year lease renewal with US Treasury, increasing WALE to 2.3 years

