Singapore Exchange Welcomes Aspial Treasury’s Retail Bonds

The Singapore Exchange (SGX) has welcomed the listing of Aspial Treasury Pte Ltd.’s five-year retail bonds with a coupon rate of 5.25 percent per annum, payable half-yearly, on the Mainboard under the stock code, “BEYZ”.

Aspial Treasury provides financial and treasury services to its guarantor, Mainboard-listed Aspial Corporation Limited, and to its joint venture and associated entities.

A SGX-listed company since 1999, Aspial is an investment holding company that engages diversely in jewellery, property development and financial service businesses.

It is the proprietor of Lee Hwa, Goldheart, CITIGEMS and Maxi-Cash brand names, operating an extensive network of more than 90 retail stores and pawnshops locally.

“We are heartened by the strong demand for our bond offering, and would like to thank all retail and institutional investors for their confidence in a home-grown company like Aspial. Additionally, the support shown by retail investors has been instrumental in further developing the retail bond market in Singapore,” Aspial’s Chief Executive Officer, Mr Koh Wee Seng, said.

Lawrence Wong, Head of Listings, SGX, said, “SGX is delighted with the listing of Aspial Treasury’s five-year retail bonds, adding to the investment choices of our retail investors. We are also pleased that the Aspial Group is continuing to leverage on our venue and range of fund raising options to finance its growth, demonstrating again the capital raising opportunities and channels for investor diversification offered by SGX. We are encouraged by this retail issuance by a Singapore-grown company, as we endeavour to broaden investment options for retail investors and improve access to fixed income opportunities.”

The total issuance size of Aspial Treasury’s five-year retail bonds is USD150 million. – BusinessNewsAsia.com

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