Aspial is issuing out new bonds again. The last time that did it was back around Aug 2015, giving 5.25% pa with maturity period of 5 yrs, which I've blogged about it here. This time round, they are upping the stake, giving 5.30% pa with a maturity period of 4 yrs. The expected issue date is 1st April 2016, and since this is a retail bond, you can bid for the allotment of the bonds through ATM as well. DBS is the sole lead manager and bookrunner, which is the same as last year. I don't think much had changed in the fundamentals of Aspial over the course of less than 1 year. If anything, it should get worse or at best neutral. So fundamentally, Aspial is just about the same company as it was last year. It's a company that I won't invest in, to put it ......