28-08-2015, 09:35 PM
(28-08-2015, 08:09 PM)kehyi4 Wrote: From SGX Company Disclosures:
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ASPIAL’S FIRST RETAIL BOND OFFERING RECEIVES OVERWHELMING DEMAND FROM INVESTORS; PUBLIC OFFER 8.7 TIMES SUBSCRIBED---
- 5-year Bonds with fixed interest of 5.25% per annum resonated well with investors
- The Offer was overall approximately 3.9 times subscribed; the Public Offer and Placement tranches had subscription rates of approximately 8.7 times and 3.0 times, respectively
- S$217,331,000 received in aggregate principal amount for Public Offer
- Due to strong demand, the Public Offer tranche was increased to S$100.0 million while the Placement tranche was increased to S$50.0 million
- Net proceeds approximately S$146.7 million
- The Bonds are expected to commence trading on SGX-ST at 9.00 a.m. on August 31, 2015 (symbol: BEYZ)
Balloting Ratio is 1:1
2 1:1 2 2.00%
3 1:1 3 1.23%
4 1:1 4 1.25%
5 to 9 1:1 4 7.78%
10 to 19 1:1 7 22.45%
20 to 29 1:1 11 20.03%
30 to 49 1:1 14 11.69%
50 to 99 1:1 19 18.54%
100 to 149 1:1 31 9.95%
150 to 199 1:1 46 1.15%
200 to 299 1:1 59 2.42%
300 to 499 1:1 89 0.98%
500 to 599 1:1 132 0.53%
Retailers are still hard up for "higher yielding" instrument when high net worth clients already had their fair share and are now suffering from indiscriminate sell-offs of high risks corporate names...
No Interests In Bonds Now
GG