March 13, 2018 2:00 PMLONDON (BLOOMBERG) - The moment of truth is approaching for Singapore-listed Noble Group. :
Nearly a year after a shock trading loss sent it spiraling toward collapse, the commodity trader is racing to reach a deal with a group of senior creditors before a US$379 million bond maturity on March 20, according to people familiar with the matter. "The clock is really ticking," said Jean-Francois Lambert, a consultant and former head of commodity trade finance at HSBC Holdings. "The domino effect of default would be like a tsunami."