CENSUN 7.000% 03Jul2020 Corp (SGD)

Bond Factsheet

Trading without Accrued Interest

Matured/ Called

Century Sunshine Group Holdings Ltd

Indicative

Full Lot

Bid Price

75.000

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

80.000

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 03 Jul 2020, 12:00am

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Bond Information

Century Sunshine Group Holdings Limited is involved in the business of research and development, production, and sale of bio-organic fertilizers in China. The Company offers a broad range of branded bio-organic fertilizer products. The group is also involved in magnesium alloy production, from mining , smelting, ingot manufacturing, alloy and master processing to distribution.

Bond Issuer

Century Sunshine Group Holdings Ltd

Guarantor

Subsidiaries

Announcement Date

25 May 2017

Issue Date

05 Jun 2017

Maturity Date

03 Jul 2020

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

7.000

Coupon Type

Fixed

Annual Coupon Rate

7.000

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

Accrued Interest

Trading without

ISIN

SG7CG8000008

CUSIP

AN7511693

Bond Currency

SGD

Total Issue Size

101,750,000

Outstanding Issue Size

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

High Yield Corporate

Bond Sector

Materials

Bond Sub Sector

Chemicals

Issuer Credit Rating (S&P/ Fitch)

***/ W.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Issuer Call

Callable on 03Jul2019 at 103.500.

Callable on 03Jan2020 at 101.750.

Change Control Put

Upon a Change of Control, the Issuer shall, at the option of the holder of any Note, redeem such Note at 101.0% of the Redemption Amount or (in the case of Zero Coupon Notes) 101.0% of the Early Redemption Amount (as defined in Condition 6(i) below), together with interest accrued to (but excluding) the date fixed for redemption on the date falling 45 days after a Change of Control (the "Change of Control Redemption Date").

"Change of Control" means the occurrence of one or more of the following events:

(i) the merger, take over, amalgamation, or consolidation of the Issuer with, by or into another Person who is not one of the Permitted Holders or the merger or amalgamation of another Person who is not one of the Permitted Holders with or into the Issuer, or the sale of all or substantially all the assets of the Issuer to another Person who is not one of the Permitted Holders;
(ii) the Permitted Holders are the beneficial owners of less than 30% of the total voting power of the Voting Shares of the Issuer;
(iii) any person is or becomes the beneficial owner directly or indirectly, of the total voting power of the Voting Shares of the Issuer greater than such total voting power held beneficially by the Permitted Holders; or (iv) the adoption of a resolution relating to the liquidation or dissolution of the Issuer.

"Permitted Holders" means any or all of the following: (i) Mr Chi Wen Fu; (ii) any Affiliate of the Person specified in clause (i); and (iii) any Person both the Capital Stock and the Voting Shares of which (or in the case of a trust, the beneficial interests in which) are owned 80% by Persons specified in clauses (i) and (ii).

Cessation Put

At par, If on any date, (i) the ordinary shares of the Issuer cease to be traded on the HKSE or (ii) trading in the ordinary shares of the Issuer on the HKSE is suspended for a continuous period of more than 10 market days (or, in the case of any suspension of trading (x) pending the release of any announcement in respect of any matter not involving the matters described in Condition 10(g) which the Issuer is required to disclose under the Listing Rules of the HKSE, or (y) for purposes of compliance by the Issuer under The Codes on Takeovers and Mergers and Share Buy-backs issued by the Securities and Futures Commission in Hong Kong or under any insider trading laws and regulations in Hong Kong, more than 40 market days), the Issuer shall, at the option of the holder of any Note, redeem such Note at its Early Redemption Amount, together with interest accrued to (but excluding) 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 "Suspension of Shares Redemption 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 Condition 6(c) (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 and unexchanged Talons, if any) 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 (the "Exercise Period"). Any Note so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.

In this Condition 6(c):

(1) "Effective Date" means (in the case of (i) above) the date of cessation of trading or (in the case of (ii) above) the business day immediately following the expiry of such continuous period of 10 market days or 40 market days, as the case may be;
(2) "HKSE" means the The Stock Exchange of Hong Kong Limited; and
(3) "market days" means a day on which the HKSE is open for securities trading.

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