METRO 4.300% 02Apr2024 Corp (SGD)

Bond Factsheet

Matured/ Called

Metro Holdings Ltd/Singapore

Indicative

Full Lot

Bid Price

99.725

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 02 Apr 2024, 12:00am

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Bond Information

Metro Holdings Limited operates department store, develops and invests in properties, as well as undertakes building contract works. The Company also distributes building and construction materials.

Bond Issuer

Metro Holdings Ltd/Singapore

Guarantor

Announcement Date

26 Mar 2019

Issue Date

02 Apr 2019

Maturity Date

02 Apr 2024

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.300

Coupon Type

Fixed

Annual Coupon Rate

4.300

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

SGXF76275712

CUSIP

AX8711415

Bond Currency

SGD

Total Issue Size

200,000,000

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

Exchange Listed

SGX

Bond Feature(s)

Cessation Put

In the event that (i) the shares of the Issuer cease to be traded on the SGX-ST (as defined in the Trust Deed) or (ii) trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than 10 market days, the Issuer shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount together with interest accrued to (but excluding) 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 60 days after the Effective Date (as defined below). The Issuer shall within seven days after the Effective Date, give notice to the Trustee, the Principal Paying Agent and the Noteholders of the occurrence of the event specified in this paragraph (g) (provided that any failure by the Issuer to give such notice shall not prejudice any Noteholder of such option). 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 the Principal Paying Agent or any other Paying Agent at its specified office or (in the case of Registered Notes) the Certificate representing such Note(s) with the Registrar or any Transfer Agent at its specified office, together with an Exercise Notice in the form obtainable from the Principal Paying Agent, any other Paying Agent, the Registrar or any Transfer Agent or the Issuer (as applicable) no later than 30 days after the Effective Date. Any Note or Certificate 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(g):

(1) "Effective Date" means (in the case of (i) above) the date of cessation of trading or (in the case of (ii) above) the business day immediately following the expiry of such continuous period of 10 market days; and

(2) "market day" means a day on which the SGX-ST is open for securities trading.

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