Bond Factsheet
FPLSP 4.380% Perpetual Corp (SGD)
Frasers Property Treasury Pte Ltd
Indicative
Full Lot
Bid Price 99.900
Change in Bid Price
-
Bid Yield (%) -
Change in Bid Yield
-
Ask Price 100.000
Change in Ask Price
-
Ask Yield (%) -
Change in Ask Yield
-
Indicative price as of 16 Jan 2026, 12:00am
Bond Issuer
Frasers Property Treasury Pte Ltd
Guarantor
Frasers Property Ltd
Announcement Date
08 Jan 2018
Issue Date
17 Jan 2018
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 0.284
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.380
Coupon Type
Variable
Annual Coupon Rate
4.380
Coupon Frequency
Semi Annually
Seniority
Junior Subordinated
Reference Rate
Reset Date = 17Jan2028 & every 10 years thereafter
Reset Rate: Prevailing SGD 10Y SOR + Initial Spread (2.180%) + Step-Up Margin (100bps)
ISIN
SG7LE3000009
CUSIP
AQ6581278
Bond Currency
SGD
Total Issue Size
300,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Management and Development
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
Any distribution deferred pursuant to this Condition 4(IV) shall constitute "Arrears of Distribution". The Issuer may, at its sole discretion, elect to (in the circumstances set out in Condition 4(IV)(a)) further defer any Arrears of Distribution by complying with the foregoing notice requirement applicable to any deferral of an accrued distribution. The Issuer is not subject to any limit as to the number of times distributions and Arrears of Distribution can or shall be deferred pursuant to this Condition 4(IV) except that this Condition 4(IV)(c) shall be complied with until all outstanding Arrears of Distribution have been paid in full.
Dividend Stopper
If Dividend Stopper is set out hereon and on any Distribution Payment Date, payments of all distribution scheduled to be made on such date are not made in full by reason of this Condition 4(IV), the Issuer and the Guarantor shall not and the Guarantor shall procure that none of its subsidiaries shall:
(i) 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, any of the Guarantor's or the Issuer's Junior Obligations or, in relation to Subordinated Perpetual Securities only, (except on a pro rata basis) any of the Guarantor's or the Issuer's Parity Obligations; or
(ii) redeem, reduce, cancel, buy-back or acquire for any consideration, and will procure that no redemption, reduction, cancellation, buy-back or acquisition for any consideration is made in respect of, any of the Guarantor's or the Issuer's Junior Obligations or, in relation to Subordinated Perpetual Securities only, (except on a pro rata basis) any of the Guarantor's or the Issuer's Parity Obligations,
in each case other than (1) in connection with any employee benefit plan or similar arrangements with or for the benefit of the employees, directors or consultants of the Group or (2) as a result of the exchange or conversion of Parity Obligations of the Guarantor or the Issuer for Junior Obligations of the Guarantor or the Issuer, unless and until (A) (if Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) the Issuer has satisfi ed in full all outstanding Arrears of Distribution, (B) (if Non-Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) a redemption of all the outstanding Perpetual Securities has occurred, the next scheduled distribution has been paid in full or an Optional Distribution equal to the amount of a distribution payable with respect to the most recent Distribution Payment Date that was unpaid in full or in part, has been paid in full or (C) the Issuer or, as the case may be, the Guarantor, is permitted to do so by an Extraordinary Resolution (as defined in the Trust Deed) of the Perpetual Securityholders and/or as otherwise specified in the applicable Pricing Supplement.
Dividend Pusher
Look back 6-month period
Issuer Call
Coupon Step
Make Whole Call
Change Control Call
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