ASPSP 6.250% 11Oct2021 Corp (SGD)

Bond Factsheet

Matured/ Called

Aspial Treasury Pte Ltd

Indicative

Full Lot

Bid Price

95.000

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

97.500

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 12 Oct 2021, 12:00am

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Bond Information

Aspial Treasury Pte. Ltd. operates jewelry stores. The Company retails jewelry products and other accessories.

Bond Issuer

Aspial Treasury Pte Ltd

Guarantor

Aspial Corp Ltd

Announcement Date

02 Oct 2018

Issue Date

11 Oct 2018

Maturity Date

11 Oct 2021

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.250

Coupon Type

Fixed

Annual Coupon Rate

6.250

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

SGXF18413694

CUSIP

AU7597548

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

49,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Real Estate Management and Development

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Change Control Put

If, for any reason, a Change of Shareholding Event (as defined below) occurs, the relevant Issuer will within seven days of such occurrence (the "Transfer Date") give notice to the Noteholders of the occurrence of such event and shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount, together with interest accrued to (but excluding) the date fi xed for redemption, on the date falling 60 days from the Transfer Date (or if such date is not a business day, on the next day which is a business day). To exercise such option, the holder must deposit (in the case of Bearer Notes) such Note (together with all unmatured Coupons and unexchanged Talons) with any Paying Agent at its specified offi ce or (in the case of Registered Notes) the Certificate representing such Note(s) with the Registrar or any other Transfer Agent at its specified office, together with an exercise notice in the form obtainable from any Paying Agent, the Registrar or any other Transfer Agent or the relevant Issuer (as applicable), no later than 30 days from the Transfer Date. Any Note or Certificate so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the relevant Issuer.

For the purposes of this Condition 5(e)(ii), a "Change of Shareholding Event" occurs when Mr Koh Wee Seng, Ms Ko Lee Meng and Ms Koh Lee Hwee cease to own in aggregate (whether directly or indirectly) more than 50 per cent. of the issued share capital of ACL.

Cessation Put

In the event that (i) the shares of ACL cease to be traded on the SGX-ST (as defi ned in the Trust Deed) or (ii) trading in the shares of ACL on the SGX-ST is suspended for a continuous period of more than seven days (other than by reason of holiday, statutory or otherwise), the relevant Issuer shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount together with interest accrued to (but excluding) the date fi xed for redemption on any date on which interest is due to be paid on such Notes or, if earlier, the date falling 45 days after the Effective Date. In this Condition 5(i), "Effective Date" means (in the case of (i)) the date of cessation of trading or (in the case of (ii)) the business day immediately following the expiry of such continuous period of seven days. The relevant Issuer shall within seven days after the Effective Date, give notice to the Trustee, the Issuing and Paying Agent and the Noteholders of the occurrence of the event specifi ed in this paragraph (i) (provided that any failure by the relevant Issuer to give such notice shall not prejudice any Noteholder of such option).

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