Aspial offer to swap 2018, 2019 notes for 6.25% notes due 2021 'not compelling': OCBC

Singapore

HOLDERS of Aspial Corp's 5.5 per cent notes due in November 2018 and 5.05 per cent notes due in June 2019 are better off tendering their notes for cash instead of exchanging them for new 6.25 per cent notes due in October 2021, OCBC Credit Research has said.

Property developer and jeweller Aspial Corp has tabled the two options to investors to improve its debt position.