date:May 22, 2014
ake in Noble Group Ltd's agribusiness which will COFCO's grain processing and distrubution business in China with Noble's grain sourcing and trading arms in a joint venture.
$1 billion of the loan will be used for the acquisition and the remaining $2.2 billion will repay the shareholder loan, banking sources said.
The deal is also one of the most tightly-priced offshore loans for a Chinese company this year.
COFCO is asking for an interest margin of 100 basis points (bps) over Libor on the $1