BOND COMPLEXITY : MODERATE ISIN: SGXF62437946
MSFSSP 5.100% 29Oct2029 Corp (SGD)
ASPIAL LIFESTYLE LIMITED
Indicative Bid Price
100.250
Bid Yield to Maturity
5.016%
Min. Investment (Nominal)
250000
Indicative Ask Price
101.250
Ask Yield to Maturity
4.690%
Maturity Date
28 Oct 2029
Credit Rating (Bond)
N.R
No Rating
Seniority
Senior Unsecured
Investor Profile
 High Yield Seeker
Chart
Created with Highcharts 9.3.2Bid Yield to MaturityAsk Yield to Maturity20. May22. May24. May26. May28. May30. May1. Jun3. Jun5. Jun7. Jun9. Jun11. Jun13. Jun15. Jun17. Jun4.54.64.74.84.955.15.2fundsupermart.com
Bond Information
Aspial Lifestyle Limited offers financial services. The Company offers its services in the form of pawn-broking and the retail and trading of pre-owned jewellery and watches through pawnshops and retail outlets in locations throughout Singapore.
Bond Issuer
Aspial Lifestyle Limited
Guarantor
-
Announcement Date
20 Oct 2025
Issue Date
28 Oct 2025
Maturity Date / Next Call Date
28 Oct 2029 (Maturity Date)
Years to Maturity / Next Call
3.358 / -
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
5.100
Coupon Type
Fixed
Annual Coupon Rate (%)
5.1
Annual Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
SGX
Reference Rate
-
ISIN
SGXF62437946
CUSIP
YJ4097160
Bond Currency
SGD
Total Issue Size
SGD 128,000,000
Minimum Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Registration
Wholesale
Bond Type
High Yield Corporate
Bond Sector
Consumer Discretionary
Bond Sub Sector
Specialty Retail
Issuer Credit Rating (S&P/ Fitch)
***/N.R
Bond Credit Rating (S&P/ Fitch)
***/N.R
Shariah Compliant
No
W-8BEN Declaration needed
No
Bond Feature(s)
Redemption upon Cessation or Suspension of Trading of Shares

In the event that (i) the shares of the Issuer cease to be traded on the SGX-ST or (ii) trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than seven market days, the Issuer shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount together with interest accrued to the date fixed 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. The Issuer shall within seven days after the Effective Date, give notice to the Trustee, the Principal Paying Agent and the Noteholders of the occurrence of the event specified in this paragraph (g) (provided that any failure by the Issuer to give such notice shall not prejudice any Noteholder of such option). To exercise such option, the holder must deposit such Note (together with all unmatured Coupons) with the Principal Paying Agent at its specified office, together with an Exercise Notice in the form obtainable from the Principal Paying Agent or the Issuer (as applicable), not later than 21 days after the Effective Date. Any Note so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.

(1) “Effective Date” means (where the shares of the Issuer cease to be traded on the SGX-ST) the date of cessation of trading or (where trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than seven market days) the business day immediately following the expiry of such continuous period of seven market days; and

(2) “market day” means a day on which the SGX-ST is open for securities trading.
Redemption at the Option of the Noteholders

If, for any reason, a Change of Shareholding Event (as defined below) occurs, the Issuer will within seven days of such occurrence give notice to the Noteholders of the occurrence of such event (the “Notice”) 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 fixed for redemption, on the date falling 60 days from the date of the Notice (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 such Note (together with all unmatured Coupons) with the Principal Paying Agent at its specified office, together with a duly completed option exercise notice in the form obtainable from the Principal Paying Agent or the Issuer (as applicable), no later than 15 days from the date of the Notice. Any Note so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.

For the purposes of this Condition 5(e)(ii), a “Change of Shareholding Event” occurs when Koh Wee Seng, Ko Lee Meng and Koh Lee Hwee cease to have in aggregate an interest (whether direct or deemed) of more than 50 per cent. of the issued share capital of the Issuer.
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (MATURITY)
18 Jun 2026100.250101.2504.690
17 Jun 2026100.500101.5004.610
16 Jun 2026100.500101.5004.611
15 Jun 2026100.000101.2504.692
14 Jun 2026100.000101.2504.692
11 Jun 2026100.000101.2504.693
10 Jun 2026100.000101.2504.693
09 Jun 2026100.000101.2504.694
08 Jun 2026100.000101.2504.694
07 Jun 2026100.000101.2504.695
Total of 65 entries
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Offering Circular
S$300,000,000 Multicurrency Medium Term Note Programme. Information Memorandum Dated 12 July 2024.
pdfIcon
Offering Circular Supplement
S$300,000,000 Multicurrency Medium Term Note Programme. Supplemental Information Memorandum Dated 6 October 2025 To The Information Memorandum Dated 12 July 2024.
pdfIcon
Preliminary Pricing Supplement
S$[TBD] 5.10 per cent. Notes due 2029. Preliminary Pricing Supplement Dated 21 October 2025.
pdfIcon
Pricing Supplement
S$75,000,000 5.10 per cent. Notes due 2029. Pricing Supplement dated 24 October 2025.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
MSFSSP 6.250% 24Sep2027 Corp (SGD)

Aspial Lifestyle Limited

 23 Sep 2027 105.737 1.596% p.a. ***/N.R
TRANSACT
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FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
SGD 256,279.44
Years to Maturity
3 years 3+ months
Est. Total Income
SGD 44,625.00
Yield to Maturity
4.346%
Indicative Cash Flow
Nominal Value
SGD 250,000.00
  • 2029
    Oct
    Coupon
    SGD 6,375.00
    Maturity
    SGD 250,000.00
  • Apr
    Coupon
    SGD 6,375.00
  • 2028
    Oct
    Coupon
    SGD 6,375.00
  • Apr
    Coupon
    SGD 6,375.00
  • 2027
    Oct
    Coupon
    SGD 6,375.00
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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