HTONSP 6.800% 13Nov2023 Corp (SGD)

Bond Factsheet

Matured/ Called

Heeton Holdings Limited

Indicative

Full Lot

Bid Price

100.000

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

101.000

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 10 Nov 2023, 12:00am

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Bond Information

Heeton Holdings Limited develops and sells private residential properties. The Company also manages and invests in residential, retail, and commercial properties.

Bond Issuer

Heeton Holdings Limited

Guarantor

Announcement Date

04 Nov 2020

Issue Date

13 Nov 2020

Maturity Date

13 Nov 2023

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.800

Coupon Type

Fixed

Annual Coupon Rate

6.800

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

SGXF19284094

CUSIP

BM2704856

Bond Currency

SGD

Total Issue Size

70,300,000

Outstanding Issue Size

17,930,000

Min. Investment Quantity (Nominal)

SGD 200,000

Incremental Quantity (Nominal)

SGD 1,000

Bond Type

High Yield 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

Current Principal Factor Rate

0.81

Bond Feature(s)

Change Control Put

If, for any reason, a Change of Shareholding Event 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 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).

(1) a "Change of Shareholding Event" occurs when the aggregate interest, whether direct or deemed (as the term is described in Section 7 of the Companies Act, Chapter 50 of Singapore), of Mr Toh Giap Eng and his Immediate Family Members in the shares of the Issuer falls below 40 per cent. of the issued share capital of the Issuer; and

(2) "Immediate Family Members" means Mr Toh Giap Eng's father, mother, wife, son(s), daughter(s), siblings and siblings' spouses, son(s) and daughter(s).

Cessation Put

In the event that (1) the shares of the Issuer cease to be traded on the SGX-ST (as defined in the Trust Deed) or (2) trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than seven days (other than by reason of holiday, statutory or otherwise), 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.

Additional Note

Unless previously redeemed or purchased and cancelled as provided below, the Issuer will redeem the Notes in three instalments and on a pro rata basis on each amortisation date specified in column A below (each, an "Amortisation Date") at the related amortisation amount specified in column B below (each, an "Amortisation Amount") payable as provided in Condition 7 (Payments). The outstanding principal amount of the Notes shall be reduced by the Amortisation Amount so paid by the Issuer on the relevant Amortisation Date for all purposes with effect from such relevant Amortisation Date, unless payment of such amount of the Amortisation Amount is improperly withheld or refused, in which case, such amount shall remain outstanding until the Relevant Date relating to such Amortisation Amount. The Notes shall be finally redeemed at their final Amortisation Amount payable on the Maturity Date.

Amortisation Date (A)	Amortisation Amount (B) S$
Interest Payment Date falling on or about 13 November 2022	10% of the outstanding principal amount of the Notes
Interest Payment Date falling on or about 13 May 2023	10% of the outstanding principal amount of the Notes
Interest Payment Date falling on or about 13 November 2023	Outstanding principal amount of the Notes

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