Aspial started offering a 5-year 5.25% retail bonds to raise $75 million. It is nice to see more of such high yielding bonds appearing for the retail investors.
More:
Aspial to roll out 5-year 5.25% retail bonds (Straits Times)
Aspial issues a 5.25% bond with minimum $2000 (Investment Moats)
Aspial 5.25% retail bond thoughts (Got Money, Got Honey)
Clearly, the bond is being offered with a higher coupon rate than compared to the upcoming Singapore Savings Bond (for the definitive collection of articles on SSB, check out
GiraffeValue's 71 resources on Singapore Savings Bonds).
Some wondered why Aspial would be raising money from the market instead of borrowing from the banks. Checking against POEM's data on Aspial itself, we see some interesting data that can shed some insights:
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