Yields on bonds issued by embattled commodity trader Noble Group spiked on Thursday as the market digested first-quarter results that showed a loss of $130m and another big outflow of cash.

The Singapore-listed commodity trader also revealed the refinancing of a key credit line had been pushed back until June.

The yield on its recently issued 2022 bond doubled to more than 18 per cent, according to Tradeweb data on Reuters.

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