Bond Factsheet
SUNSP 3.800% Perpetual Corp (SGD)
Suntec REIT
Indicative
Full Lot
Bid Price 100.000
Change in Bid Price
-
Bid Yield (%) -
Change in Bid Yield
-
Ask Price 100.100
Change in Ask Price 0.050
Ask Yield (%) -
Change in Ask Yield
-
Indicative price as of 27 Oct 2025, 12:00am
Bond Issuer
Suntec REIT
Guarantor
-
Announcement Date
19 Oct 2020
Issue Date
27 Oct 2020
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 0.557
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.800
Coupon Type
Variable
Annual Coupon Rate
3.800
Coupon Frequency
Semi Annually
Seniority
Subordinated
Reference Rate
Reset Date: 27 Oct 2025 & every 5 years thereafter
Reset Rate: Prevailing SGD 5Y SOR (or the Successor Rate or Alternative Reference Rate) plus the Initial Spread (3.295%)
ISIN
SGXF25994876
CUSIP
BM0200394
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 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
Optional Distribution: If Optional Distribution is specified as being applicable in the applicable Pricing Supplement, the Issuer may, at its sole discretion, and at any time, elect to pay an optional amount equal to the amount of Distribution which is unpaid in whole or in part (an Optional Distribution) at any time by giving irrevocable notice of such election to the Perpetual Securityholders (in accordance with Condition 13 (Notices)) and the Trustee and the Issuing and Paying Agent, not more than 20 nor less than 10 Business Days (or such other notice period as may be specified in the applicable Pricing Supplement) prior to the relevant payment date specified in such notice (which notice is irrevocable and shall oblige the Issuer to pay the relevant Optional Distribution on the payment date specified in such notice).
Any partial payment of outstanding Optional Distribution by the Issuer shall be shared by the Perpetual Securityholders or Couponholders of all outstanding Perpetual Securities and the Coupons related to them on a pro-rata basis. Further provisions relating to this Condition 4.6(f) (Optional Distribution) may be specified in the applicable Pricing Supplement.
Restrictions in the case of Deferral: If Dividend Stopper is specified as being applicable in the applicable Pricing Supplement and on any Distribution Payment Date, payment of Distributions (including Arrears of Distribution and Additional Distribution Amount) scheduled to be made on such date is not made in full by reason of this Condition 4.6 (Distribution deferral), the Issuer shall not, and shall procure that none of its Subsidiaries shall, in respect of the Junior Obligations or the Parity Obligations:
(i) voluntarily 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 Junior Obligations or (except on a pro rata basis) any of the Parity Obligations; or
(ii) voluntarily redeem, purchase, cancel, reduce, buy-back or otherwise acquire for any consideration on any of the Junior Obligations or (except on a pro rata basis) any of the Parity Obligations,
Issuer Call
Optional Redemption Date(s): The First Reset Date and each Distribution Payment Date thereafter.
First Reset Date:27 October 2025
Additional Note
If Redemption upon a Regulatory Event is specified as being applicable in the applicable Pricing Supplement, the Perpetual Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time (if this Perpetual Security is not a Floating Rate Perpetual Security or Dual Currency Distribution Perpetual Security) or on any Distribution Payment Date (if this Perpetual Security is a Floating Rate Perpetual Security or Dual Currency Distribution Perpetual Security), on giving not less than 30 nor more than 60 days’ notice (or such other maximum and minimum notice period as may be specified in the applicable Pricing Supplement) to the Trustee and the Issuing and Paying Agent and in accordance with Condition 13 (Notices), the Perpetual Securityholders (which notice shall be irrevocable) at their Early Redemption Amount, as specified in the applicable Pricing Supplement, together (if appropriate) with Distribution accrued to (but excluding) the date of redemption (including any Arrears of Distribution and any Additional Distribution Amount, if applicable) if, as a result of any change in, or amendment to, the Property Funds Appendix, or any change in the application or official interpretation of the Property Funds Appendix, the Perpetual Securities count or, in the Distribution Payment Period immediately following that Distribution Payment Date, will count towards the Aggregate Leverage under the Property Funds Appendix, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Perpetual Securities will count towards the Aggregate Leverage.
Redemption in the case of Minimum Outstanding Amount
If Minimal Outstanding Amount Redemption Option is specified as being applicable in the applicable Pricing Supplement, the Issuer may, at any time (if this Perpetual Security is neither a Floating Rate Perpetual Security nor a Dual Currency Distribution Perpetual Security) or on any Distribution Payment Date (if this Perpetual Security is either a Floating Rate Perpetual Security or a Dual Currency Distribution Perpetual Security), on giving not less than 30 nor more than 60 days’ irrevocable notice (or such other maximum and minimum notice period as may be specified in the applicable Pricing Supplement) to the Trustee and the Issuing and Paying Agent and in accordance with Condition 13 (Notices), the Perpetual Securityholders (or such other notice period as may be specified in the applicable Pricing Supplement) redeem the Perpetual Securities, in whole, but not in part, at their Early Redemption Amount as specified in the applicable Pricing Supplement (together with distributions accrued to (but excluding) the date fixed for redemption) if, immediately before giving such notice, the aggregate principal amount of the Perpetual Securities outstanding is less than 20 per cent. of the aggregate principal amount originally issued. All Perpetual Securities shall be redeemed on the date specified in such notice in accordance with this Condition 6.8 (Redemption in the case of Minimum Outstanding Amount).
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