PREHSP 3.850% 03Jul2020 Corp (SGD)

Bond Factsheet

Matured/ Called

Perennial Treasury Pte Ltd

Indicative

Full Lot

Bid Price

97.913

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.110

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

Perennial Treasury Pte. Ltd. owns and develops real estate properties. The Company serves customers in Singapore.

Bond Issuer

Perennial Treasury Pte Ltd

Guarantor

Perennial Real Estate Holdings Ltd

Announcement Date

27 Jun 2017

Issue Date

03 Jul 2017

Maturity Date

03 Jul 2020

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

3.850

Coupon Type

Fixed

Annual Coupon Rate

3.850

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

SG7DH9000003

CUSIP

AO1306700

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

100,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Real Estate Management and Development

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Cessation Put

At par, In the event that (1) the shares of PREHL cease to be traded on the SGX-ST (as defined in the Trust Deed) or (2) trading in the shares of PREHL on the SGX-ST is suspended for a continuous period of more than 10 market days (each, a "Cessation Event"), the relevant Issuer 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 after the Effective Date. The relevant 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 relevant Cessation Event (provided that any failure by the relevant Issuer to give such notice shall not prejudice any Noteholder of such option). To exercise such option, the holder must deposit (in the case of Bearer Notes) such Note (together with all unmatured Coupons and unexchanged Talons) with the Principal Paying Agent or any other Paying Agent at its specified office or (in the case of Registered Notes) the Certificate representing such Note(s) with the Registrar or any Transfer Agent at its specified office, together with an Exercise Notice in the form obtainable from the Principal Paying Agent, any other Paying Agent, the Registrar or any Transfer Agent or the relevant Issuer (as applicable), no later than 21 days after the Effective Date. Any Note or Certificate so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the relevant Issuer.

In this Condition 6(g),

(A) "Effective Date" means (where the shares of PREHL cease to be traded on the SGX-ST) the date of cessation of trading or (where trading in the shares of PREHL on the SGX-ST is suspended for a continuous period of more than 10 market days) the business day immediately following the expiry of such continuous period of 10 market days; and
(B) "market day" means a day on which the SGX-ST is open for securities trading.

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