Aspial Corporation Limited (SG:A30) has released an update.
Aspial Corporation Limited and its subsidiary, Aspial Treasury PTE. LTD., have reached an agreement with certain bondholders to exchange existing fixed rate and 6.00% notes due in March 2025 and July 2024, respectively, for new 6.50% notes due in 2025. This exchange is aimed at extending the bond investment period for interested note holders, following the approach of the existing notes’ maturity. The new notes will be consolidated with similar notes issued in December 2023 under the company’s S$700,000,000 multicurrency debt issuance program.
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