MARKETS & INVESTING | Staff Reporter, Singapore

Daily Briefing: Noble gets creditors' in-principle approval; Suntec REIT to pay dividends today

And here are five perks you can enjoy with the right credit cards.

From Reuters via Yahoo! Finance:

Struggling commodities trader Noble Group Ltd said on Monday that it had reached an in-principle agreement with a group of senior creditors for a restructuring of its debt.

The in-principle agreement was reached with an ad hoc group of creditors representing about 30 percent of its senior debt instruments and will reduce Noble's existing senior debt instruments to $1.7b from $3.4b, the company said in a statement.

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From The Motley Fool:

Suntec REIT is the first composite REIT in Singapore, owning both retail and office properties.

It is dishing out 2.604 Singapore cents per unit for the fourth quarter. For the full year ended 31 December 2017, gross revenue rose 7.8% year-on-year to $354.2m while net property income (NPI) grew 8.9% to $244.5m. The improvements were due to the contribution from Australia’s 177 Pacific Highway, which was partially offset by lower retail contribution.

Units of Suntec REIT are currently selling at S$2.15. This translates to a price-to-book (PB) ratio of 1.01 and a trailing distribution yield of 4.7%.

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