Daniel Stanton is head of Asian credit at IFR and is based in Singapore, where he has been reporting on capital markets since 2009. He has previously worked in Dubai, London and Pontypridd. He can be found tweeting at @IFRstanton.
Noble Group twice made concessions to groups of investors last week as it sought to broaden support for its restructuring plan, but it was forced to dip into its sparse cash reserves and add debt in the process.
Noble Group has won the support of activist investor Goldilocks Investment for a revised restructuring plan, under which the struggling commodities trader will pay around US$10m to Goldilocks and one its affiliates.
Temasek Holdings will give the Singaporean public the chance to invest in some of its private equity investments through a structured finance deal that has been 12 years in the making.