A court hearing has been scheduled in Bermuda to wind up the "old" Noble Group following its $3.5bn debt restructuring.

The company said the liquidation — a "procedural process" — will be considered on 8 February.

The Singapore trader and bulker owner was financially restructured at the end of last year, with a new company, New Noble, being formed with "substantially all of the assets and business of Old Noble" being transferred.