BREAD 4.000% 17Jan2023 Corp (SGD)

Bond Factsheet

Matured/ Called

BreadTalk Group Ltd

Indicative

Full Lot

Bid Price

99.120

Change in Bid Price

Bid Yield (%)

4.367 %

Change in Bid Yield

Ask Price

99.715

Change in Ask Price

Ask Yield (%)

4.118 %

Change in Ask Yield

Indicative price as of 30 Jun 2020, 12:00am

chevron_leftchevron_right

Bond Information

BreadTalk Group Pte. Ltd. is an investment holding company. The Company, through its subsidiaries, manufactures and retails a variety of food, bakery, and confectionery products. BreadTalk Group also offers franchising opportunities and operates internationally.

Bond Issuer

BreadTalk Group Ltd

Guarantor

Announcement Date

10 Jan 2018

Issue Date

17 Jan 2018

Maturity Date

17 Jan 2023

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.000

Coupon Type

Fixed

Annual Coupon Rate

4.000

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

SG7LE9000003

CUSIP

AQ7099247

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

4,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

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

Exchange Listed

SGX

Bond Feature(s)

Issuer Call

Full Redemption at the Option of the Issuer

The Issuer may, on giving irrevocable notice of not less than six (6) business days' to the Noteholders, redeem all of the Notes on the date specified in such notice (which date shall fall within the Call Option Period) (the "Call Redemption Date"). Any such redemption of Notes shall be at 100.50 per cent. of their principal amount, together with interest accrued up to (but excluding) the Call Redemption Date.

For purposes of this Condition 6(j), the "Call Option Period" shall be the period commencing on (but excluding) 24 April 2020 and ending on (and including) 31 March 2021, provided always that the period commencing from (and including) the Effective Date (as defined in Condition 6(b)(ii) (Cessation or Suspension of Trading of the Shares of the Issuer)) up to (and including) the date falling 45 days after the Effective Date shall be excluded from the Call Option Period.

Change Control Put

At Par, If, for any reason, a Change of Shareholding Event occurs, the Issuer will within seven (7) 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).

For the purposes of this Condition 6(b)(iii),

(A) a "Change of Shareholding Event" occurs when Dr George Quek and Ms Katherine Lee Lih Heng and their respective Immediate Family Members cease to own in aggregate (whether directly or indirectly) at least 25 per cent. of the issued share capital of the Issuer; and

(B) "Immediate Family Members" means, in respect of a person, the father, mother, siblings, son(s) and daughter(s) of such person.

Cessation Put

At par, If on any date, (1) the shares of the Issuer cease to be traded on the SGX-ST, or (2) trading in the shares of the Issuer on the SGX-ST is suspended for more than seven (7) consecutive days on which normal trading of securities on the SGX-ST is carried out (each, a "Trading Disruption Event"), 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 the date (or, if such date is not a business day, on the immediately preceding business day) falling 45 days after (in the case of (1)) the date of cessation of trading or (in the case of (2)) the day immediately following the expiry of the seven-day period (each, an "Effective Date").

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.