Aspial Lifestyle prices S$28 million in fixed-rate notes due 2029 at 5.1%
Net proceeds will be used to refinance existing borrowings and fund investments, among others
Add BT as a preferred source
[SINGAPORE] Consumer lifestyle group Aspial Lifestyle has priced S$28 million in fixed-rate notes due Oct 29, 2029, at 5.1 per cent a year.
The notes are part of the company’s S$300 million multicurrency medium-term note programme, it said in a bourse filing on Monday (Apr 20).
The notes are payable semi-annually in arrears and will be issued in denominations of S$250,000 each. They will be issued on Apr 29, 2026.
DBS has been appointed the dealer of the notes.
The net proceeds will be used for general corporate purposes, including refinancing existing borrowings as well as funding investments, acquisitions, expansions, working capital and capital expenditure.
Shares of Aspial Lifestyle ended Monday 5.1 per cent or S$0.02 higher at S$0.41, before the announcement.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh
Room for more offices, homes and green spaces to make Orchard Road more vibrant
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
MAS revises takeover and merger code to enhance competition and disclosures
