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Maxi-Cash Financial Services Corp. Ltd. ( (SG:5UF) ) has provided an announcement.
Aspial Lifestyle Limited has priced 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 two existing tranches for a total of S$128 million in Series 005 notes. The notes, offered to institutional and accredited investors in Singapore at par and in S$250,000 denominations, rank as unsecured, unsubordinated obligations, are expected to be issued on 29 April 2026 and listed on SGX-ST on 30 April 2026, with proceeds earmarked for general corporate purposes including refinancing, investments and capital expenditure.
A change-of-shareholding event giving certain major shareholders less than 50% of the company would trigger a noteholder put option, allowing holders to require redemption of their notes, which adds an investor protection feature. Approximately 26.8% of the entire Series 005 issuance will be subscribed by directors, controlling shareholders and related parties across all tranches, concentrating noteholdings among insiders and potentially affecting voting outcomes and secondary-market liquidity for these securities.
More about Maxi-Cash Financial Services Corp. Ltd.
Aspial Lifestyle Limited, formerly known as Maxi-Cash Financial Services Corporation Ltd., operates in Singapore’s consumer finance and lifestyle sector and issues debt under a S$300 million multicurrency medium-term note programme. The group focuses on raising capital through note issuances to support its corporate activities, including investments, expansions and working capital needs.
Average Trading Volume: 3,063,830
Technical Sentiment Signal: Buy
Current Market Cap: S$612.5M
Find detailed analytics on 5UF stock on TipRanks’ Stock Analysis page.