Noble Group has signed a US$100mn multi-currency syndicated loan facility by its Singapore subsidiary, Noble Grain Pte Ltd. The loan facility will be exclusively used in conjunction with the company’s growing grain business which includes a wide variety of grains including soybeans, pulses, feed grains and rice.

The transaction was well received with six major international banks participating led by Standard Chartered who also acted as arranger and facility agent.

The facility comes on the heels of a US$100mn syndicated loan facility for Noble’s cocoa business. In addition, Noble is finalising another US$125mn syndicated loan facility in the US for Noble’s aluminium business.