By Marisa Wong
Madison, Wis., Oct. 1 - Aspial Corp. Ltd. announced that it issued an additional S$25 million of 5% series 1 notes due 2016.
The initial tranche of series 1 notes, totaling S$50 million, was issued on July 22, and a second tranche of S$25 million was issued on July 29. The third tranche will be consolidated and form a single series with the existing series 1 notes.
DBS Bank Ltd. acted as lead manager, bookrunner and dealer for all three tranches.
The S$100 million of 5% notes were issued under Aspial's S$500 million multicurrency debt issuance program established on June 10 and amended on July 30. The program was originally set up as a medium-term note program and was amended to include perpetual securities, as previously reported.
Proceeds will be used for general corporate funding requirements, investments, refinancing of existing borrowings, working capital and capital expenditures.
The Singapore-based investment holding company manufactures and retails jewelry, engages in property investment, provides building construction and contracting services and offers pawn brokerage services.
| Issuer: | Aspial Corp. Ltd.
|
| Issue: | Series 1 notes
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| Amount: | S$100 million, increased from S$50 million
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| Maturity: | July 22, 2016
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| Coupon: | 5%
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| Bookrunner: | DBS Bank Ltd.
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| Settlement dates: | July 22 for S$50 million, July 29 for S$25 million, Oct. 1 for S$25 million
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