Six months after a retail bond offering, Aspial are back in the market again to tap for funds.
The 4-year Aspial bonds come with an annual yield of 5.3%, payable semi-annually. The yield is slightly better than last year’s 5.25% 5-year bond.
The Aspial bond offer opens on 23 March 2016 at 9.00 a.m. and closes on 30 March 2016 at 12 noon.
The public tranche is up to S$50 million while the placement tranche is up to S$25 million.
In the event of over-subscription, the offer size might be increased to $200 million.
You may apply for the Bonds under the Public Offer at the ATMs of participating banks (being DBS (including POSB), OCBC and UOB), the internet banking websites belonging to DBS, OCBC and the UOB Group, or the mobile banking interface of DBS Bank.
The placement tranche has already closed (fully subscribed after one day).
The Bonds are expected to be issued on 1 April 2016 and are expected to commence trading on the SGX on 4 April 2016.
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).