Aspial unveils maiden retail bond issue
Up to $75m of bonds will be issued.
Aspial Corporation Limited, a listed company with businesses in real estate, jewellery and financial services, unveiled its first foray into the retail bond market with its offering of $50m 5-year bonds.
The issue consists of a public offer of up to $50m and a placement tranche of up to $25m.
The bonds will mature in 2020 and carry a fixed interest of 5.25% per annum, payable semi-annually in arrear.