Bond Factsheet
LREIT 4.200% Perpetual Corp (SGD)
Lendlease Global Commercial REIT
Indicative
Full Lot
Bid Price 100.050
Change in Bid Price 0.004
Bid Yield (%) -
Change in Bid Yield
-
Ask Price 100.268
Change in Ask Price 0.001
Ask Yield (%) -
Change in Ask Yield
-
Indicative price as of 04 Jun 2026, 12:00am
Bond Issuer
Lendlease Global Commercial REIT
Guarantor
-
Announcement Date
27 May 2021
Issue Date
04 Jun 2021
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 0.163
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.200
Coupon Type
Variable
Annual Coupon Rate
4.200
Coupon Frequency
Semi Annually
Seniority
Subordinated
Reference Rate
Reset Date: 04 June 2026 and every 5 years thereafter
Reset Rate: SGD 5Y SOR + the Initial Spread (3.240%)
ISIN
SGXF95914572
CUSIP
BP8130323
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
If Non-Cumulative Deferral is set out hereon, any distribution deferred pursuant to this Condition 4(IV) 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). 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 this Condition 4(IV).
Any partial payment of outstanding Optional Distribution by the Issuer shall be shared by the holders of all outstanding Perpetual Securities and the Coupons related to them on a pro rata basis.
Dividend Stopper
If Dividend Stopper is set out hereon and on any Distribution Payment Date, payments of all distribution scheduled to be made on such date are not made in full by reason of this Condition 4(IV), the Issuer shall not and the LREIT Trustee shall procure that none of LREIT’s Subsidiaries 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 Junior Obligations or, in the case of Subordinated Perpetual Securities only, (except on a pro rata basis) 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 Junior Obligations or, in the case of Subordinated Perpetual Securities only, (except on a pro rata basis) Parity Obligations,
in each case other than (1) in connection with any employee benefi t plan or similar arrangements with or for the benefi t of the employees, directors or consultants of the Group or (2) as a result of the exchange or conversion of Parity Obligations for Junior Obligations, unless and until (A) (if Cumulative Deferral is specifi ed as being applicable in the applicable Pricing Supplement) the Issuer has satisfi ed in full all outstanding Arrears of Distribution, (B) (if Non-Cumulative Deferral is specifi ed as being applicable in the applicable Pricing Supplement) a redemption of all the outstanding 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 (C) the Issuer is permitted to do so by an Extraordinary Resolution (as defi ned in the Trust Deed) of the Perpetual Securityholders and/or as otherwise specifi ed in the applicable Pricing Supplement.
Issuer Call
Callable on 04 Jun 2026 and every 6 months thereafter @ 100.
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