ASPIAL 4-YEAR 5.30% PER ANNUM BONDS

ASPIAL LAUNCHES 4-YEAR 5.30% PER ANNUM BONDS IN ITS SECOND RETAIL BOND 

OFFERING - Offer opens March 23, 2016 at 9.00 a.m. and closes March 30, 2016 at 12 noon - 

Public Offer tranche of up to S$50 million; Placement tranche of up to S$25 million - Minimum of S$2,000 per application under the Public Offer and S$100,000 per application under the Placement - Group’s second retail bond offering rides on successful maiden retail bonds issuance in August 2015.

The Offer is guaranteed by Aspial and the bonds will be issued by its wholly-owned subsidiary, Aspial Treasury Pte. Ltd. (the “Issuer”). DBS Bank Ltd. is the sole lead manager and bookrunner (the “Sole Lead Manager and Bookrunner”) for the Offer. Aspial’s Chief Executive Officer, Mr Koh Wee Seng, said, “This latest retail bond offering is aligned with our long-term strategy to diversify Aspial’s sources of financing, and further strengthens our financial footing for opportunities that may arise across the spectrum of our businesses. Our maiden retail bonds issuance was well received by private banking customers, institutions, and the general public, and we look forward to providing the investment community with another opportunity to take a stake in a homegrown brand.”

Offer Details The Offer of up to S$75 million in aggregate principal amount of 4-year 5.30% bonds due 2020 (the “Bonds”) comprises (i) an offer of up to S$50 million in aggregate principal amount of Bonds to the public in Singapore (the “Public Offer”), and (ii) an offer of up to S$25 million in aggregate principal amount of Bonds to private banking, institutional and other investors (the “Placement”). In the event of oversubscription in the Public Offer and/or the Placement, the Issuer and the Guarantor may, at their discretion and in consultation with the Sole Lead Manager and Bookrunner, (i) increase the issue size of the Bonds under the Public Offer and/or the Placement and (ii) determine the final allocation of such oversubscription between the Public Offer and the Placement, such that the maximum issue size under the Public Offer and the Placement does not exceed S$200 million in aggregate principal amount of Bonds. Applications for the Public Offer will be subject to balloting in the event of oversubscription of the Bonds. Applications for the Bonds open on March 23, 2016 at 9.00 a.m. and close on March 30, 2016 at 12 noon. The Bonds are expected to be issued on April 1, 2016 and are expected to commence trading on the Main Board of the Singapore Exchange Securities Trading Limited (“SGX-ST”) at 9.00 a.m. on April 4, 2016 .

It pays semi annually for the interest on 1st April & 1st Oct.

http://infopub.sgx.com/FileOpen/Placement_Closing.ashx?App=Announcement&FileID=395163

Is a good fixed income instrument. Of cousre Bond always carry certain risk. But the yield is so much higher as compare to FD. DYODD 

In fact is one of my favourite to diversify some % to corporate Bonds such as Hyflux 6%, Genting 5.25%,FCT 3.65%,CapMallTr 3.08%,Aspial 5.25%. Very good fixed income yield portfolios.

(invest base on your own decision)