Aspial announced that it is offering 75m worth of bonds with the following terms:
- Interest rate: 5.25% per annum
- Tenure: 5 years
- Maturity : August 2020
- Amount for retail investors: Originally $50m, reduced to $25m but can be upsized to $100m if retail demand is strong. (See announcement here)
- Minimum subscription for retail: $2,000
- Amount for institutional investors: Originally $25m but upsized to $50m (See report here and the subsequent clarification by Company)
- Minimum subscription for placement: $100,000
- Interest payable on: 28 Feb and 28 Aug each year
- Closing: 26 August 2015 - 12pm
- CPF: Cannot apply or invest after listing
- SRS: Cannot apply but may invest after listing
- Listing date: 31 August 2015
The product highlight sheet is here. I would strongly recommend that you read through the product highlight sheet and this was mandated by MAS in recent years, knowing how investors do not read ...