Singapore’s Aspial plans up to S$75 million of 5.3% four-year bonds

By Wendy Van Sickle

Columbus, Ohio, March 21 – Aspial Corp. Ltd. plans to offer up to S$75 million of 5.3% four-year bonds, according to a company announcement.

The notes will be guaranteed by Aspial and issued by Aspial Treasury Ptd. Ltd.

DBS Bank Ltd. is the manager and bookrunner.

The company plans to offer up to S$50 million of the bonds at par to the public in Singapore and up to S$25 million at par to institutional and other investors.

Aspial said it has the option to increase the issue to up to S$200 million and may reallocate how much it offers to the public and how much it offers to other investors.

The company reserves the right to cancel the offering if less than S$25 million principal amount of applications are received.

Aspial is a Singapore-based jeweler.

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