Bond Factsheet
OLGPSP 5.500% Perpetual Corp (SGD)
Olam Group Limited
Indicative
Full Lot
Bid Price 100.058
Change in Bid Price
-
Bid Yield (%) 5.402 %
Change in Bid Yield 4.240
Ask Price 100.232
Change in Ask Price
-
Ask Yield (%) 5.035 %
Change in Ask Yield 24.446
Indicative price as of 12 Jul 2022, 12:00am
Bond Issuer
Olam Group Limited
Guarantor
-
Announcement Date
03 Jul 2017
Issue Date
11 Jul 2017
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 0.274
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
5.500
Coupon Type
Variable
Annual Coupon Rate
5.500
Coupon Frequency
Semi Annually
Seniority
Junior Subordinated
Reference Rate
Reset Date: 11Jul2022 and every 5 Years thereafter
Reset Rate: 5-year SOR + Initial Spread (3.685%) + Step Up Margin (200bps)
ISIN
SG7DJ3000005
CUSIP
AO1976825
Bond Currency
SGD
Total Issue Size
350,000,000
Outstanding Issue Size
295,500,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
High Yield Corporate
Bond Sector
Consumer Staples
Bond Sub Sector
Food and Staples Retailing
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
SGX
Deferral Interest Payment
If Distribution Deferral is set out hereon, the Issuer may, at its sole discretion, elect to defer (in whole and not in part) any distribution which is otherwise scheduled to be paid on a Distribution Payment Date to the next Distribution Payment Date by giving notice (a "Deferral Election Notice") to the Noteholders (in accordance with Condition 14) and to the Trustee and the Issuing and Paying Agent, the CMU Lodging and Paying Agent or the CDP Paying Agent, as the case may be, not more than 15 nor less than 5 Business Days (or such other notice period as may be specified hereon) prior to a scheduled Distribution Payment Date unless, during the Look-Back Period prior to such scheduled Distribution Payment Date, the Issuer has at its discretion (a) declared or paid any dividends or distributions on any of the Issuer's Junior Obligations or, in relation to Subordinated Perpetual Securities only,
DIVIDEND STOPPER
If Dividend Stopper is set out hereon 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(h), the Issuer shall not and shall procure that none of its Subsidiaries shall:
(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 the Issuer's Junior Obligations; or (2) if this Perpetual Security is a Subordinated Perpetual Security, any of the Issuer's Junior Obligations or (except on a pro rata basis) any of the Issuer's Parity Obligations; or
(b) redeem, reduce, cancel, buy-back or acquire for any consideration: (1) if this Perpetual Security is a Senior Perpetual Security, any of the Issuer's Junior Obligations; or
(2) if this Perpetual Security is a Subordinated Perpetual Security, any of the Issuer's Junior Obligations or (except on a pro rata basis) any of the Issuer's Parity Obligations, in each case, other than (i) in connection with any employee benefit plan or similar arrangements with or for the benefit of employees, officers, directors or consultants of the Group, (ii) as a result of the exchange or conversion of Parity Obligations for Junior Obligations, (iii) if the Issuer has made payment in whole (and not in part only) of all outstanding Arrears of Distributions (if applicable) and any Additional Distribution Amounts (if applicable) or (iv) when so permitted by an Extraordinary Resolution (as defined in the Trust Deed) of the Noteholders and/or otherwise specified in the applicable Pricing Supplement. For the avoidance of doubt, the restrictions in this Condition 4(h)(v) shall only apply to the Issuer's Subsidiaries to the extent that such dividends, distributions or payments are made in respect of the Issuer's Junior Obligations or in the case of Subordinated Perpetual Securities (except on a pro rata basis) the Issuer's Parity Obligations and nothing in this Condition 4(h)(v) shall restrict the Issuer or any of its Subsidiaries from making payment on its guarantees in respect of obligations which are not the Issuer's Junior Obligations or in the case of Subordinated Perpetual Securities (except on a pro rata basis) the Issuer's Parity Obligations.
DIVIDEND PUSHER
Look back period of 3 months
Issuer Call
Coupon Step
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