Aspial Corp's offering of four-year 5.30% bonds due 2020 to institutional and other investors has been oversubscribed on the first day of its launch.
The jewellery and property company says its placement tranche garnered valid applications of more than $25 million in aggregate principal amount of bonds and has closed at a size of $25 million.
Applications for up to $50 million in aggregate principal amount of bonds under the public offer remain open until 12 noon on March 30.
While the placement tranche has closed, the company says its unit, Aspial Treasury, the issuer of the bonds, may have the absolute discretion to re-open the placement.
The bonds are expected to be issued on April 1 and are expected to start trading on the main board on April 4.
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The jewellery and property company says its placement tranche garnered valid applications of more than $25 million in aggregate principal amount of bonds and has closed at a size of $25 million.
Applications for up to $50 million in aggregate principal amount of bonds under the public offer remain open until 12 noon on March 30.
While the placement tranche has closed, the company says its unit, Aspial Treasury, the issuer of the bonds, may have the absolute discretion to re-open the placement.
The bonds are expected to be issued on April 1 and are expected to start trading on the main board on April 4.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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