Aspial extends S$70 million 6% notes to 2024, makes buyback offer

By Rebecca Melvin

Concord, N.H., May 20 –Aspial Treasury Pte. Ltd., a subsidiary of Singapore’s Aspial Corp. Ltd., extended the maturity date of its S$70 million 6% notes due 2022 (ISIN: SGXF22368025) by two years to July 1, 2024 from July 1, 2022, according to an announcement.

The issuer and DBS Trustee Ltd. amended and restated the July 30, 2013 trust deed after approval of holders representing at least 90% of the series 009 notes outstanding.

The holders who did not sign the extension resolution are invited to sell back their notes at par plus accrued interest on the original July 1 maturity date.

Aspial Treasury may repurchase the series 009 notes either by itself or through any related corporation on its behalf.

Eligible noteholders who are interested in tendering their series 009 notes should contact Aspial Treasury (felix_lim@aspial.com; +65 6840 7790) no later than May 30.

Aspial is a Singapore-based company operating in jewelry retail, property development and financial services.

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