MSFSSP 6.350% 22Jul2022 Corp (SGD)

Bond Factsheet

Matured/ Called

Maxi-Cash Financial Services Corporation Ltd.

Indicative

Full Lot

Bid Price

97.750

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

99.250

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 22 Jul 2022, 12:00am

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Bond Information

MaxiCash Financial Services Corp Ltd. offers financial services. The Company offers its services in the form of pawnbroking and the retail and trading of preowned jewellery and watches through pawnshops and retail outlets in locations throughout Singapore.

Bond Issuer

Maxi-Cash Financial Services Corporation Ltd.

Guarantor

Announcement Date

15 Jul 2019

Issue Date

22 Jul 2019

Maturity Date

22 Jul 2022

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.350

Coupon Type

Fixed

Annual Coupon Rate

6.350

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

SGXF40779641

CUSIP

AZ6718185

Bond Currency

SGD

Total Issue Size

50,000,000

Outstanding Issue Size

15,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

High Yield Corporate

Bond Sector

Consumer Discretionary

Bond Sub Sector

Specialty Retail

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

If, for any reason, a Change of Shareholding Event (as defi ned below) occurs, the Issuer will within seven 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 (but excluding) the date fi xed 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). To exercise such option, the holder must deposit such Note (together with all unmatured Coupons) with the Principal Paying Agent at its specifi ed offi ce, together with a duly completed option exercise notice in the form obtainable from the Principal Paying Agent or the Issuer (as applicable), no later than 15 days from the date of the Notice. Any Note so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.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 5(e)(ii), a "Change of Shareholding Event" occurs when Koh Wee Seng, Ko Lee Meng and Koh Lee Hwee cease to have in aggregate an interest (whether direct or deemed) of more than 50 per cent. of the issued share capital of the Issuer.

Cessation Put

In the event that (i) the shares of the Issuer cease to be traded on the SGX-ST or (ii) trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than seven 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 the date fi xed for redemption on any date on which interest is due to be paid on such Notes or, if earlier, the date falling 45 days after the Effective Date. 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 specifi ed 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 such Note (together with all unmatured Coupons) with the Principal Paying Agent at its specifi ed offi ce, together with an Exercise Notice in the form obtainable from the Principal Paying Agent or the Issuer (as applicable), not later than 21 days after the Effective Date. Any Note so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.

(1) "Effective Date" means (where the shares of the Issuer cease to be traded on the SGX-ST) the date of cessation of trading or (where trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than seven market days) the business day immediately following the expiry of such continuous period of seven market days; and

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

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