HTONSP 6.080% 19July2021 Corp (SGD)

Bond Factsheet

Matured/ Called

Heeton Holdings Limited

Indicative

Full Lot

Bid Price

100.125

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.125

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 27 Jul 2021, 12:00am

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Bond Information

Heeton Holdings Limited develops and sells private residential properties. The Company also manages and invests in residential, retail, and commercial properties.

Bond Issuer

Heeton Holdings Limited

Guarantor

Announcement Date

12 Jan 2018

Issue Date

19 Jan 2018

Maturity Date

19 Jul 2021

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.080

Coupon Type

Fixed

Annual Coupon Rate

6.080

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

SG7LG7000000

CUSIP

AQ6098125

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

60,750,000

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)

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 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 (in the case of Bearer Notes) such Note (together with all unmatured Coupons and unexchanged Talons) with any Paying Agent at its specified office or (in the case of Registered Notes) the Certificate representing such Note(s) with the Registrar or any other Transfer 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 Any Note so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.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 6(e)(iii):

(1) a "Change of Shareholding Event" occurs when the aggregate interest, whether direct or deemed (as the term is described in Section 7 of the Companies Act, Chapter 50 of Singapore), of Mr Toh Giap Eng and his Immediate Family Members in the shares of the Issuer falls below 40 per cent. of the issued share capital of the Issuer; and

(2) "Immediate Family Members" means Mr Toh Giap Eng's father, mother, wife, son(s), daughter(s), siblings and siblings' spouses, son(s) and daughter(s).

Cessation Put

At Par, In the event that (1) the shares of the Issuer cease to be traded on the SGX-ST (as defined in the Trust Deed) or (2) trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than seven days (other than by reason of holiday, statutory or otherwise), 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.

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