Singapore’s Aspial offers to buy back S$10 million 5˝% notes due 2018

By Wendy Van Sickle

Columbus, Ohio, Aug. 15 – Aspial Corp. Ltd. is tendering for up to S$10 million of its 5˝% notes due 2018 from Aug. 16 until Aug. 30.

Aspial is offering to repurchase the series 004 notes at par in cash, or S$250,000 for each S$250,000 principal amount plus accrued interest, according to a company announcement.

DBS Bank Ltd. is the buyback agent.

If the offer is oversubscribed, the company said it will decide which notes to repurchase and what the amount will be.

The notes were issued under the Singapore-based jeweler’s S$700 million multicurrency debt issuance program.

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