Bond Factsheet
SINTEC 4.200% Perpetual Corp (SGD)
Singapore Technologies Telemedia Pte Ltd
Indicative
Full Lot
Bid Price 102.475
Change in Bid Price
-
Bid Yield (%) 54.296 %
Change in Bid Yield 51.106
Ask Price 103.400
Change in Ask Price
-
Ask Yield (%) 33.728 %
Change in Ask Yield 30.907
Indicative price as of 02 Oct 2026, 4:33pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Singapore Technologies Telemedia Pte Ltd
Guarantor
-
Announcement Date
27 Oct 2021
Issue Date
03 Nov 2021
Maturity Date
Perpetual
Years to Maturity / Next Call
Perpetual / 0.046
Modified Duration
0.036 @ 02 Oct 2026
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: 03 May 2029 & every 7 years thereafter
Reset Rate: Prevailing SGD 7Y SORA-OIS plus Initial Spread (2.748%) plus applicable Step up (100 bps)
ISIN
SGXF57756193
CUSIP
BS1718870
Bond Currency
SGD
Total Issue Size
500,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
High Yield Corporate
Bond Sector
Financials
Bond Sub Sector
Diversified Financial Services
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 Cumulative Deferral is set out hereon, any distribution deferred pursuant to this Condition 4(IV) shall constitute “Arrears of Distribution”. The Issuer may, at its sole discretion, elect to (in the circumstances set out in Condition 4(IV)(a)) further defer any Arrears of Distribution by complying with the foregoing notice requirement applicable to any deferral of an accrued distribution. The Issuer is not subject to any limit as to the number of times distributions and Arrears of Distribution can or shall be deferred pursuant to this Condition 4(IV) except that this Condition 4(IV)(c) shall be complied with until all outstanding Arrears of Distribution have been paid in full.
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:
(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:
(1) any of the Issuer’s Junior Obligations; or
(2) if this Perpetual Security is a Senior Perpetual Security, (except on a pro rata basis) the Issuer’s Senior Parity Obligations; or
(3) if this Perpetual Security is a Subordinated Perpetual Security, (except on a pro rata basis) any of the Issuer’s 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:
(1) the Issuer’s Junior Obligations; or
(2) if this Perpetual Security is a Senior Perpetual Security, (except on a pro rata basis) the Issuer’s Senior Parity Obligations; or
(3) if this Perpetual Security is a Subordinated Perpetual Security, (except on a pro rata basis) any of the Issuer’s Parity Obligations,
in each case, other than in connection with any employee benefit plan or similar arrangements with or for the benefit of employees, officers, directors or consultants of the Group unless and until (A) (if Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) the Issuer has satisfied in full all outstanding Arrears of Distribution, (B) (if Non-Cumulative Deferral is specified 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 defined in the Trust Deed) of the Perpetual Securityholders and/or as otherwise specified in the applicable Pricing Supplement.
Dividend Pusher
Yes, with 12 month look back period
Issuer Call
Callable on May 2029 & at any distribution payment date thereafter at par.
Make Whole Call
The Issuer shall redeem all (and not some only) of the Perpetual Securities then outstanding on 22 October 2026 (the “Make-Whole Redemption Date”) at a price of S$261,923.04 per Calculation Amount (being 104.769216 per cent. of the principal amount) of the Perpetual Securities (the “Make-Whole Redemption Price”), together with distribution accrued from (and including) the last preceding Distribution Payment Date to (but excluding) the Make-Whole Redemption Date.”;
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