Bond Factsheet
AAREIT 5.650% Perpetual Corp (SGD)
AIMS APAC REIT
Indicative
Full Lot
Bid Price 100.042
Change in Bid Price
-
Bid Yield (%) -
Change in Bid Yield
-
Ask Price 100.127
Change in Ask Price 0.003
Ask Yield (%) -
Change in Ask Yield
-
Indicative price as of 14 Aug 2025, 12:00am
Bond Issuer
AIMS APAC REIT
Guarantor
-
Announcement Date
06 Aug 2020
Issue Date
14 Aug 2020
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 0.367
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
5.650
Coupon Type
Variable
Annual Coupon Rate
5.650
Coupon Frequency
Semi Annually
Seniority
Subordinated
Reference Rate
Reset Date: 14 Aug 2025 and every 5 years thereafter
Reset Rate: SGD 5Y SOR + 5.207%
ISIN
SGXF72350378
CUSIP
BK8361481
Bond Currency
SGD
Total Issue Size
125,000,000
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
Deferral Interest Payment
The Issuer may, at its sole discretion, elect not to pay a distribution (or to pay only part of a distribution) which is scheduled to be paid on a Distribution Payment Date by giving notice to the Trustee, the Principal Paying Agent, the Registrar and the Series 002 Perpetual Securityholders (in accordance with Condition 14 of the Series 002 Perpetual Securities) not more than 15 nor less than five business days prior to a scheduled Distribution Payment Date.
Non-Cumulative Deferral
Any distribution deferred pursuant to Condition 4(IV) of the Series 002 Perpetual Securities is non-cumulative and will not accrue interest. The Issuer is not under any obligation to pay that or any other distributions that have not been paid in whole or in part. The Issuer may, at its sole discretion, and at any time, elect to pay an amount up to the amount of distribution which is unpaid ("Optional Distribution") (in whole or in part) by complying with the notice requirements in Condition 4(IV)(e) of the Series 002 Perpetual Securities. There is no limit on the number of times or the extent of the amount with respect to which the Issuer can elect not to pay distributions pursuant to Condition 4(IV) of the Series 002 Perpetual Securities. Any partial payment of outstanding Optional Distribution by the Issuer shall be shared by the holders of all outstanding Series 002 Perpetual Securities.
Dividend Stopper
If on any Distribution Payment Date, payments of all distribution scheduled to be made on such date are not made in full by reason of Condition 4(IV) of the Series 002 Perpetual Securities, the Issuer shall not and shall procure that none of the subsidiaries of AA REIT shall:
(i) declare or pay any dividends, distributions or make any other payment on, and will procure that no dividend, distribution or other payment is made on, any of the Issuer's Junior Obligations or (except on a pro rata basis) any of the Issuer's Specified Parity Obligations; or
(ii) redeem, reduce, cancel, buy-back or acquire for any consideration, and will procure that no redemption, reduction, cancellation, buy-back or acquisition for any consideration is made in respect of, any of the Issuer's Junior Obligations or (except on a pro rata basis) any of the Issuer's Specified Parity Obligations,
in each case, other than (1) in connection with any employee benefit plan or similar arrangements with or for the benefit of the employees, directors or consultants of the Group or (2) as a result of the exchange or conversion of Specified Parity Obligations of the Issuer for the Junior Obligations of the Issuer, unless and until (A) a redemption of all the outstanding Series 002 Perpetual Securities has occurred, the next scheduled distribution has been paid in full or an Optional Distribution equal to the amount of a distribution payable with respect to the most recent Distribution Payment Date that was unpaid in full or in part, has been paid in full or (B) the Issuer is permitted to do so (or to procure or permit the subsidiaries of AA REIT to do so) by an Extraordinary Resolution of the Series 002 Perpetual Securityholders.
Issuer Call
First Reset Date: 14 August 2025
Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
