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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 1/22/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Singapore’s Aspial exchanges two 2021 series for new 2024 notes

By Cady Vishniac

Detroit, Jan. 22 – Aspial Corp. Ltd. subsidiary Aspial Treasury Pte. Ltd. has exchanged S$28.25 million of 5.9% notes due April 2021 (ISIN: SG7OH8000001) and S$36.5 million of 6¼% notes due October 2021 for S$64.75 million of new 6.15% notes due 2024 guaranteed by the parent company, according to a market release.

The total amount of new notes issued as part of the exchange offer and in a separate offer to new buyers is S$75 million. All notes repurchased by the company have been canceled, and S$21.75 million and S$78.5 million remain outstanding of the April and October 2021 notes, respectively.

DBS Bank Ltd. was the sole dealer manager on the exchange.

Aspial is a Singapore-based jeweler.


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