MAPLSP 4.500% Perpetual Corp (SGD)

Bond Factsheet

Matured/ Called

Mapletree Treasury Services Limited

Indicative

Full Lot

Bid Price

100.000

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.075

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 22 Apr 2022, 12:00am

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Bond Information

Mapletree Treasury Services Limited operates as a special purpose entity. The Company was formed for the purpose of issuing debt securities to repay existing credit facilities, refinance indebtedness, and for acquisition purposes.

Bond Issuer

Mapletree Treasury Services Limited

Guarantor

Mapletree Investments Pte Ltd

Announcement Date

12 Jan 2017

Issue Date

19 Jan 2017

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.289

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.500

Coupon Type

Variable

Annual Coupon Rate

4.500

Coupon Frequency

Semi Annually

Seniority

Subordinated

Reference Rate

Reset Date = 19 Jan 2027 and every 10 years thereafter
Reset Rate = 10Yr SGD SOR + Initial credit spread (1.865%) + 1% Step-up

ISIN

SG78A5000007

CUSIP

AM1361303

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

625,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Diversified Financial Services

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Deferral Interest Payment

Cumulative & Compounding

Each Note (or in the case of the redemption of part only of a Note, that part only of such Note) will cease to bear interest (if any) from the date for its redemption unless payment of principal is improperly withheld or refused. In such event, interest will continue to accrue until whichever is the earlier of:

(a) the date on which all amounts due in respect of such Note have been paid; and
(b) as provided in the Trust Deed.

Dividend Pusher

If Dividend Pusher is specified as being applicable in the applicable Pricing Supplement, the Issuer may not elect to defer any Distribution if, during such period(s) as may be specified in the applicable Pricing Supplement, either or both of the following have occurred:

(A) a discretionary dividend, distribution or other payment has been declared by the Issuer or the Guarantor on or in respect of any of the Junior Obligations (as defined in the applicable Pricing Supplement) or, in relation to Subordinated Perpetual Securities only, the Parity Obligations of the Issuer or the Guarantor (except (i) in connection with any employee benefit plan or similar arrangements with or for the benefit of employees, officers, directors or consultants or (ii) in relation to the Parity Obligations of the Issuer or the Guarantor on a pro-rata basis); or

(B) the Issuer or the Guarantor has at its discretion repurchased, redeemed or otherwise acquired any of its Junior Obligations or, in relation to Subordinated Perpetual Securities only, the Parity Obligations (other than (i) in connection with any employee benefit plan or similar arrangements with or for the benefit of employees, officers, directors or consultants or (ii) as a result of the exchange or conversion of its Parity Obligations for its Junior Obligations),

(a Compulsory Distribution Payment Event) and/or as otherwise specified in the applicable Pricing Supplement.

Dividend Stopper

If Dividend Stopper is specified as being applicable in the applicable Pricing Supplement and on any Distribution Payment Date, payment of all Distribution payments scheduled to be made on such date is not made in full by reason of this Condition 4.6 (Distribution Deferral), the Issuer and the Guarantor shall not:

(A) declare or pay any dividends, distributions or make any other payment on, and will procure that no dividend, distribution or other payment is made on:

(1) if this Perpetual Security is a Senior Perpetual Security, any of its Junior Obligations; or
(2) if this Perpetual Security is a Subordinated Perpetual Security, any of its Junior Obligations or Parity Obligations (except (i) in connection with any employee benefit plan or similar arrangements with or for the benefit of employees, officers, directors or consultants or (ii) in relation to its Parity Obligations on a pro-rata basis); or

(B) redeem, reduce, cancel, buy-back or acquire for any consideration:

(1) if this Perpetual Security is a Senior Perpetual Security, any of its Junior Obligations; or
(2) if this Perpetual Security is a Subordinated Perpetual Security, any of its Junior Obligations or Parity Obligations (other than (i) in connection with any employee benefit plan or similar arrangements with or for the benefit of employees, officers, directors or consultants or (ii) as a result of the exchange or conversion of its Parity Obligations for its Junior Obligations),

Issuer Call

Callable on Year 5 & every distribution payment date thereafter at par

Coupon Step

VARIABLE COUPON & COUPON STEP

Reset Date = 19 Jan 2027 and every 10 years thereafter
Reset Rate = SGD SOR + Initial credit spread (1.865%) + 1% Step-up

Change Control Call

If Redemption Upon a Change of Control Event is specified as being applicable in the applicable Pricing Supplement, the Perpetual Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not less than 30 nor more than 60 days notice to the Trustee and the Principal Paying Agent and in accordance with Condition 13 (Notices), the Securityholders (which notice shall be irrevocable), at their Early Redemption Amount or Redemption Amount as specified in the applicable Pricing Supplement, together, if appropriate, with distribution accrued to (but excluding) the date fixed for redemption, following the occurrence of a Change of Control (as defined in the applicable Pricing Supplement).

At par at Issuer’s option in whole upon Change of Control event. If Securities are not redeemed, the prevailing distribution rate increases by 1%

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