GGRSP 4.750% 25Jan2021 Corp (SGD)

Bond Factsheet

Matured/ Called

Golden Assets International Investment Pte Ltd

Indicative

Full Lot

Bid Price

95.000

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

97.000

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 25 Jan 2021, 12:00am

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Bond Information

Golden Assets International Investment Pte. Ltd. provides financial services.

Bond Issuer

Golden Assets International Investment Pte Ltd

Guarantor

Golden Agri-Resources Ltd

Announcement Date

17 Jan 2018

Issue Date

25 Jan 2018

Maturity Date

25 Jan 2021

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.750

Coupon Type

Fixed

Annual Coupon Rate

4.750

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

SG7LH5000000

CUSIP

AQ8248710

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

150,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

High Yield Corporate

Bond Sector

Consumer Staples

Bond Sub Sector

Food Products

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

Following the occurrence of a Change of Control Event, the Issuer shall, at the option of the holder of any Note, repurchase such Note at the Redemption Amount, together with interest accrued to the date fixed for repurchase.

For the purposes of this Condition 6(e)(ii), a "Change of Control Event " occurs when:

(1) any Person individually or Persons acting together (except for the present beneficiaries of the Widjaja Family Master Trust (2) (the "Widjaja Family ")) directly or indirectly acquires control of the Guarantor;

(2) the Guarantor consolidates with or merges into or sells or transfers all or substantially all of the Guarantor's assets to any other person, unless the consolidation, merger, sale or transfer will not result in the other person or persons acquiring control over the Guarantor or the successor entity; or

(3) the Widjaja Family acquires 90 per cent. of the voting rights of the issued share capital of the Guarantor, whether obtained directly or indirectly, and whether obtained by ownership of share capital, the possession of voting rights, contract or otherwise.

A "Person " means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, company, firm, trust, organisation, government, or any agency or political subdivision thereof, or any other entity, whether or not having a separate legal personality.

"control " means the acquisition or control of more than 50 per cent. of the voting rights of the issued share capital of the Guarantor or the right to appoint and/or remove all or the majority of the members of the Guarantor's Board of Directors or other governing body, whether obtained directly or indirectly, and whether obtained by ownership of share capital, the possession of voting rights, contract or otherwise.

Cessation Put

In the event that (i) the shares in the Guarantor cease to be listed on the SGX-ST or (ii) trading in the shares in the Guarantor on the SGX-ST is suspended for a continuous period of more than 21 consecutive trading days (in either case, the "Delisting Event "), the Issuer shall, at the option of the holder of any Note, repurchase such Note at the Redemption Amount together with interest accrued to the date fixed for repurchase.

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