Singapore’s Aspial lifts multicurrency debt program to S$700 million

By Marisa Wong

Madison, Wis., July 16 – Aspial Corp. Ltd. said it increased its multicurrency debt issuance program to S$700 million from S$500 million.

The company established its medium-term note program on June 10, 2013 and updated it on July 30, 2013 to include perpetual securities.

DBS Bank Ltd. is the arranger and dealer.

Proceeds will be used to finance general corporate funding requirements or investments, including refinancing existing borrowings, and for working capital and capital expenditure requirements.

Aspial is a Singapore-based jeweler.

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