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The latest update is out from Maxi-Cash Financial Services Corp. Ltd. ( (SG:5UF) ).
Aspial Lifestyle Limited has issued a new S$28 million tranche of 5.10% notes due 2029 under its S$300 million multicurrency medium term note programme, to be consolidated with S$75 million and S$25 million tranches previously issued, creating a larger single Series 005 line. The notes, which pay interest semi-annually and mature on 29 October 2029, have received in-principle approval for listing on the Singapore Exchange, with DBS Bank acting as sole dealer and listing expected on 30 April 2026.
Approximately 20.5% of the new tranche has been allocated to certain directors, controlling shareholders and their associates, bringing their aggregate holding across all Series 005 notes to about 26.8%. This concentration of ownership could allow these insiders to influence noteholder votes and may reduce secondary market liquidity for the notes, a risk highlighted in the programme’s information memorandum for investors’ consideration.
More about Maxi-Cash Financial Services Corp. Ltd.
Aspial Lifestyle Limited, formerly known as Maxi-Cash Financial Services Corporation Ltd., operates in the financial and lifestyle services sector and raises funding through a S$300 million multicurrency medium term note programme. The group taps Singapore’s debt capital markets to support its operations and growth, using listed fixed-rate notes targeted at institutional and sophisticated investors.
Average Trading Volume: 3,193,326
Technical Sentiment Signal: Buy
Current Market Cap: S$807.4M
For detailed information about 5UF stock, go to TipRanks’ Stock Analysis page.