Bond Factsheet
SGREIT 3.150% 05Jun2025 Corp (SGD)
Starhill Global REIT MTN Pte. Ltd.
Indicative
Full Lot
Bid Price 100.062
Change in Bid Price 0.001
Bid Yield (%) -
Change in Bid Yield
-
Ask Price 100.111
Change in Ask Price
-
Ask Yield (%) -
Change in Ask Yield
-
Indicative price as of 05 Jun 2025, 12:00am
Bond Issuer
Starhill Global REIT MTN Pte. Ltd.
Guarantor
Starhill Global REIT
Announcement Date
01 Jun 2020
Issue Date
05 Jun 2020
Maturity Date
05 Jun 2025
Years to Maturity / Next Call
- / -
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.150
Coupon Type
Fixed
Annual Coupon Rate
3.150
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
SGXF50357171
CUSIP
BJ8061696
Bond Currency
SGD
Total Issue Size
100,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Investment Trusts
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
SGX
Issuer Call
In the event that Starhill Global REIT is terminated in accordance with the provisions of the Starhill Global REIT Trust Deed (as defi ned in the Trust Deed), the relevant Issuer shall redeem all (and not some only) of the Notes at their Redemption Amount together with interest accrued to (but excluding) 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 of termination of Starhill Global REIT.
The relevant Issuer shall forthwith notify the Trustee, the Principal Paying Agent, the Registrar and the Noteholders of the termination of Starhill Global REIT and the proposed redemption of the Notes.
Make Whole Call
For the purposes of Condition 6(d), the "Make-Whole Amount" means an amount equal to the greater of:
(i) an amount equal to the sum of:
(a) the present value of the principal amount of the Notes discounted from the Maturity Date;
(b) the present value of the remaining scheduled interest with respect to the Notes to and including the Maturity Date,
the expression "present value" in (a) and (b) above to be calculated by discounting the relevant amounts to the date of redemption of the Notes at the rate equal to the sum of (1) the closing Singapore dollar swap offer rate appearing on (in the case of Singapore dollar swap offer rates corresponding to durations of less than one year) Reuters Screen ABSFIX01 Page under the caption "SGD SOR rates as of 11:00hrs London Time" under the column headed "SGD SOR" (or its replacement page) and (in the case of Singapore dollar swap offer rates corresponding to the durations of one year and above) Reuters Screen PYSGD1 Page at 18:00hrs Singapore time under the left hand side of the column headed "TULLET PREBON ASIA – SEMI/ACT 365 – SGD/SGD" (or its replacement page) corresponding to the duration of the remaining period to the Maturity Date of the Notes expressed on a semi-annual compounding basis (rounded up, if necessary, to four decimal places) on the eighth business day prior to the date of redemption of the Notes, provided that if there is no rate corresponding to the relevant period, the swap offer rate used will be the interpolated interest rate as calculated using the swap offer rates for the two periods most closely approximating the duration of the remaining period to the Maturity Date and (2) 0.50 per cent.; and
(ii) the Denomination Amount.
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