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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.

Copyright The Financial Times Limited 2017. All rights reserved.
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