General Announcement::SGX welcomes Aspial Treasury retail bonds

Issuer & Securities

Issuer/ Manager
SINGAPORE EXCHANGE LIMITED
Securities
SINGAPORE EXCHANGE LIMITED - SG1J26887955 - S68
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
31-Aug-2015 13:22:29
Status
New
Announcement Sub Title
SGX welcomes Aspial Treasury retail bonds
Announcement Reference
SG150831OTHR9HZH
Submitted By (Co./ Ind. Name)
Patricia Choo
Designation
Head of Media Comms
Description (Please provide a detailed description of the event in the box below)
Singapore Exchange (SGX) today welcomed the listing of Aspial Treasury Pte Ltd. s five-year retail bonds with a coupon rate of 5.25% 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.

Aspial s Chief Executive Officer, Mr Koh Wee Seng, said, 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."

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 $150 million.

End

Attachments