FHREIT 3.080% 08Nov2024 Corp (SGD)

Bond Factsheet

Matured/ Called

FH-REIT Treasury Pte Ltd

Indicative

Full Lot

Bid Price

99.965

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.010

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 08 Nov 2024, 12:00am

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Bond Information

FHREIT Treasury Pte. Ltd. operates as a special purpose entity. The Company was formed for the purpose of issuing debt securities to repay existing credit facilities, refinance indebtedness, and for acquisition purposes.

Bond Issuer

FH-REIT Treasury Pte Ltd

Guarantor

Frasers Hospitality Real Estate Investment Trust

Announcement Date

30 Oct 2017

Issue Date

08 Nov 2017

Maturity Date

08 Nov 2024

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

3.080

Coupon Type

Fixed

Annual Coupon Rate

3.080

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

SG7IF5000000

CUSIP

AP7853637

Bond Currency

SGD

Total Issue Size

120,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Real Estate Investment Trusts

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Make Whole Call

The Issuer may, by giving not less than 30 days' nor more than 60 days' prior notice to the Noteholders, redeem all or some of the Notes on any Interest Payment Date prior to the Maturity Date at their Make-Whole Amount together with interest accrued to (but excluding) the date fixed for redemption.

The "Make-Whole Amount" means an amount equal to the greater of:
(i) an amount equal to the sum of:
(a) the present value of the principal amount of the Notes discounted from the Maturity Date; and
(b) the present value of the remaining scheduled interest with respect to the Notes to and including the Maturity Date, the expression "present value" in (a) and (b) above to be calculated by discounting the relevant amounts to the date of redemption of the Notes at the rate equal to the sum of (1) the closing Singapore dollar swap offer rate appearing on (in the case of Singapore dollar swap offer rates corresponding to durations of less than one year) Reuters Screen ABSIRFIX01 Page under the caption "SGD SOR rates as of 11:00hrs London Time" under the column headed "SGD SOR" (or its replacement page) and (in the case of Singapore dollar swap offer rates corresponding to durations of one year and above) Bloomberg Screen PYSGD1 Page at 18:00hrs Singapore time under the left hand side of the column headed "TULLET PREBON ASIA - SEMI/ACT 365 - SGD/SGD" (or its replacement page) corresponding to the duration of the remaining period to the Maturity Date of the Notes expressed on a semi-annual compounding basis (rounded up, if necessary, to four decimal places) on the eighth business day prior to the date of redemption of the Notes, provided that if there is no rate corresponding to the relevant period, the swap offer rate used will be the interpolated interest rate as calculated using the swap offer rates for the two periods most closely approximating the duration of the remaining period to the Maturity Date and (2) 0.50 per cent.; and

(ii) the Denomination Amount of the Notes.

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