Sembcorp Industries Ltd
Indicative
Full Lot
Indicative price as of 19 Jun 2020, 12:00am
Bond Issuer
Sembcorp Industries Ltd
Guarantor
-
Announcement Date
14 Jun 2017
Issue Date
22 Jun 2017
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 0.222
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.700
Coupon Type
Variable
Annual Coupon Rate
3.700
Coupon Frequency
Semi Annually
Seniority
Junior Subordinated
Reference Rate
Reset Date: Year 5 and every 5 years thereafter
Reset Rate: Prevailing SGD 5y SOR + the initial spread (1.920%) + Step Up margin (100bps)
ISIN
SG7DF4000002
CUSIP
AN9787267
Bond Currency
SGD
Total Issue Size
-
Outstanding Issue Size
200,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
Corporate
Bond Sector
Industrials
Bond Sub Sector
Industrial Conglomerates
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
SGX
If Cumulative Deferral is set out hereon, any distribution deferred pursuant to this Condition 4(IV) shall constitute "Arrears of Distribution". The relevant Issuer may, at its sole discretion, elect to (in the circumstances set out in Condition 4(IV)(a)) further defer any Arrears of Distribution by complying with the foregoing notice requirement applicable to any deferral of an accrued distribution. The relevant Issuer is not subject to any limit as to the number of times distributions and Arrears of Distribution can or shall be deferred pursuant to this Condition 4(IV) except that this Condition 4(IV)(c) shall be complied with until all outstanding Arrears of Distribution have been paid in full.
Dividend Stopper
If Dividend Stopper is set out hereon and on any Distribution Payment Date, payments of all distribution scheduled to be made on such date are not made in full by reason of this Condition 4(IV), the relevant Issuer and the Guarantor shall not and shall procure that none of its subsidiaries shall:
(i) 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, any of the relevant Issuer's or the Guarantor's Junior Obligations or in relation to Subordinated Perpetual Securities only, (except on a pro-rata basis) any of the relevant Issuer's or the Guarantor's Parity Obligations; or
(ii) redeem, reduce, cancel, buy-back or acquire for any consideration and will procure that no redemption, reduction, cancellation, buy-back or acquisition is made in respect of any of the relevant Issuer's or the Guarantor's Junior Obligations or in relation to Subordinated Perpetual Securities only, (except on a pro-rata basis) any of the relevant Issuer's or the Guarantor's Parity Obligations,
Dividend Pusher
Look back period of 6 months
