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
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[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.
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