OREANDA-NEWS. Singapore Exchange (SGX) today welcomed the listing of Aspial Treasury Pte Ltd.’s four-year retail bonds with a coupon rate of 5.30% per annum, payable half-yearly, on the Mainboard under the stock code “BRQZ”.

Aspial Treasury is the finance and treasury arm of Mainboard-listed Aspial Corporation Limited, which owns the Lee Hwa, Goldheart, CITIGEMS and Maxi-Cash brands. Aspial Corporation Limited has an extensive network of more than 90 retail stores and pawnshops.  It also owns properties in Singapore, Australia and Malaysia for its property development and investment business. This is the second retail bond offering issued by Aspial Treasury, after the first issuance of its five-year retail bonds last year, which was oversubscribed by approximately 3.9 times.

Aspial’s Chief Executive Officer, Mr Koh Wee Seng, said, “This latest retail bond offering is aligned with our long-term strategy to diversify Aspial’s sources of financing, and further strengthens our financial footing for opportunities that may arise across the spectrum of our businesses. Our maiden retail bonds issuance was well received by private banking customers, institutions, and the general public, and we look forward to providing the investment community with another opportunity to take a stake in a Singapore-grown brand.”

Chew Sutat, Head of Equities and Fixed Income, SGX, said, “SGX is pleased to welcome another successful offering of Aspial Treasury’s retail bond. As a multi-asset platform, SGX continues to support the growth aspirations of companies by expanding their fund raising opportunities through a suite of financing instruments including bonds.”

The total issuance size of Aspial Treasury’s four-year retail bonds is $200 million.