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5) Underwriting and dealing in government obligations and money market instruments in which state member banks may underwrite and deal under 12 U.
government obligations are issued at a discount and redeemed at face value at maturity.
It invests in corporate bonds, non-US government obligations, short-term investments, structured notes, cash and other assets.
A non-diversified, closed-end management investment company seeking high current income and capital appreciation, the company has investments in corporate bonds, non-US government obligations, short-term investments, structured notes, cash and other assets.
19bn are expected to be used to repay indebtedness outstanding under Noble-Cayman's revolving credit facilities, for general corporate purposes, capital expenditure programme or may be invested in US government obligations, bank deposits or other secure, short-term investments.

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