Aspial Lifestyle Prices SG$28 Million Worth of Bonds; Shares Up 7%

MT Newswires

04/21

Aspial Lifestyle (SGX:5UF) priced SG$28 million worth of 5.10% bonds due 2029, under its SG$300 million multicurrency medium-term bond program, according to a Monday filing with the Singapore Exchange.

Shares of the retail brand were up over 7% in Tuesday's late-morning trading.

The bonds will be consolidated and form a single series with the existing SG$75 million 5.10% bonds due 2029.

DBS Bank was appointed as the sole dealer for the bonds.

Net proceeds raised from the issue of the bonds will be used for general corporate purposes.

The bonds are expected to be listed on April 30, the filing added.

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