KOHSP 5.100% 27Oct2022 Corp (SGD)

Bond Factsheet

Matured/ Called

Koh Brothers Group Limited

Indicative

Full Lot

Bid Price

96.000

Change in Bid Price

remove 1.000

Bid Yield (%)

Change in Bid Yield

Ask Price

98.000

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 10 Nov 2022, 12:00am

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Bond Information

Koh Brothers Group Limited is an investment holding company whose subsidiaries are active in construction and real estate development. The Company also manufactures concrete products and building materials, manages hotels, and sells and rents construction equipment. Koh Brothers distributes, designs, and fabricates equipment products for the oil and gas industry.

Bond Issuer

Koh Brothers Group Limited

Guarantor

Announcement Date

19 Oct 2017

Issue Date

27 Oct 2017

Maturity Date

27 Oct 2022

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.100

Coupon Type

Fixed

Annual Coupon Rate

5.100

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

SG7IB9000005

CUSIP

AP6600591

Bond Currency

SGD

Total Issue Size

70,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

High Yield Corporate

Bond Sector

Industrials

Bond Sub Sector

Construction and Engineering

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Change Control Put

At Par, If, for any reason, a Change of Shareholding Event occurs, the Issuer will within seven days of such occurrence give notice to the Noteholders of the occurrence of such event (the "Notice") and 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 from the date of the Notice (or if such date is not a business day, on the next day which is a business day). To exercise such option, the holder must deposit such Note (together with all unmatured Coupons) with the Issuing and Paying Agent at its specified office, together with a duly completed option exercise notice in the form obtainable from the Issuing and Paying Agent or the Issuer (as applicable), no later than 30 days from the date of the Notice. Any Note so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.

For the purposes of this Condition 5(e)(ii):

(1) a "Change of Shareholding Event" occurs when Koh Keng Siang, Koh Keng Hiong, Koh Tiat Meng and Quek Chee Nee and their respective Immediate Family Members cease to own in aggregate (whether directly or indirectly) at least 35 per cent. of the issued share capital of the Issuer; and

(2) "Immediate Family Members" means the father, mother, siblings, spouse, son(s) and daughter(s) and siblings' spouses, sons and daughters .

Cessation Put

At Par, In the event that (i) the shares of the Issuer cease to be traded on the Singapore Exchange Securities Trading Limited (the "SGX-ST") or (ii) trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than 10 market days, the Issuer shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount together with interest accrued to 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 Issuer shall within seven days after the Effective Date, give notice to the Trustee, the Issuing and Paying Agent and the Noteholders of the occurrence of the event specified in this Condition 5(g) (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) with the Issuing and Paying Agent at its specified office, together with an Exercise Notice in the form obtainable from the Issuing and Paying Agent or the Issuer (as applicable) not later than 21 days after the Effective Date. Any Note so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.

For the purposes of these Conditions:

(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; and

(2) "market day" means a day on which the SGX-ST is open for securities trading.

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