GLPCHI 4.974% 26Feb2024 Corp (USD)

Bond Factsheet

Matured/ Called

GLP China Holdings Limited

Indicative

Full Lot

Bid Price

99.315

Change in Bid Price

0.005

Bid Yield (%)

Change in Bid Yield

Ask Price

99.949

Change in Ask Price

remove 0.001

Ask Yield (%)

Change in Ask Yield

Indicative price as of 26 Feb 2024, 12:00am

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Bond Information

GLP China Holdings Limited operates as a holding company. The Company, through its subsidiaries, offers development and operations of logistics real estate, data centers, renewable energy, warehousing services and related technologies. GLP China Holdings serves customers worldwide.

Bond Issuer

GLP China Holdings Limited

Guarantor

Announcement Date

19 Feb 2019

Issue Date

26 Feb 2019

Maturity Date

26 Feb 2024

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.974

Coupon Type

Fixed

Annual Coupon Rate

4.974

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS1941781749

CUSIP

AX3066633

Bond Currency

USD

Total Issue Size

500,000,000

Outstanding Issue Size

493,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Industrials

Bond Sub Sector

Air Freight and Logistics

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Change Control Put

At any time following the occurrence of a Change of Control, the holder of any Note will have the right, at such holder's option, to require the Issuer to redeem all, but not some only, of that holder's Notes on the Change of Control Put Date at a price equal to the Early Redemption Amount (Change of Control), together with interest accrued (if any) to the Change of Control Put Date.

a "Change of Control" occurs when:

(a) any Person or Person (other than the Permitted Holders) acting together acquires or acquire Control of the Issuer; or

(b) the Permitted Holders, directly or indirectly acting together, cease to be the single largest shareholder of the Issuer; or

(c) the Issuer consolidates with or merges into or sells or transfers all or substantially all of its 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 Issuer or the successor entity;

"Control" means (a) the ownership or control of more than 50 per cent. of the voting rights of the issued share capital of the Issuer or (b) the right to appoint and/or remove all or the majority of the members of the Issuer'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 and the terms "Controlling" and "Controlled" shall have meanings correlative to the foregoing;

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