Shares & Derivatives
Aspial Retail Bonds – 5.25% 5 years
By Mr. IPO  •  August 23, 2015


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 ...
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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