A few days ago, Aspial announced that they will be issuing a retail bond.
The offering comprises a public retail tranche of up to S$50 million and a placement tranche of up to S$25 million for institutional investors.
The net proceeds from the offer will be used for general corporate funding purposes, working capital and capital expenditure requirements, and investments.
These five-year bonds come with fixed interest of 5.25% per annum, payable semi-annually on 28 Feb and 28 Aug of each year.
The bond will be issued in multiples of $1000 with the minimum subscription amount of $2000.
Only cash mode is available (no CPF and SRS). While you might not be able to apply for the initial offering using SRS, you will be able to buy the Aspial bond from the secondary market using SRS after it has be listed.
The closing date for applications for the Bonds under the Public Offer is 26 August 2015 at 12 noon and an application for Bonds under the Public Offer may be made through the ATMs of DBS Bank (including POSB), OCBC Bank and the UOB Group and internet banking websites of DBS Bank at , OCBC Bank at and the UOB Group at , or the mobile banking interface of DBS Bank.
For those who are not familiar with Aspial, they are in the following businesses:
The interest given is quite attractive, but do take note that Aspial does not have a credit rating.
If you are thinking of investing, do take note of the following points:
You can review the Aspial Bond offer documents below:
If you have questions, you can call DBS bank, which is the sole lead manager and bookrunner for this Aspial Bond issue. Their numbers are : 1800 111 1111 (DBS) or 1800 339 6666 (POSB).