WINGTP 4.300% 09Aug2021 Corp (HKD)

Bond Factsheet

Matured/ Called

Wing Tai Properties Finance Ltd

Indicative

Full Lot

Bid Price

100.125

Change in Bid Price

Bid Yield (%)

-10.226 %

Change in Bid Yield

remove 3.439

Ask Price

102.125

Change in Ask Price

Ask Yield (%)

-91.707 %

Change in Ask Yield

remove 7.322

Indicative price as of 06 Aug 2021, 12:00am

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Bond Information

Wing Tai Properties Finance Ltd provides real estate services. The Company conducts business in Virgin Islands, British.

Bond Issuer

Wing Tai Properties Finance Ltd

Guarantor

Wing Tai Properties Ltd

Announcement Date

01 Aug 2014

Issue Date

08 Aug 2014

Maturity Date

09 Aug 2021

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.300

Coupon Type

Fixed

Annual Coupon Rate

4.300

Coupon Frequency

Quarterly

Seniority

Senior Unsecured

Reference Rate

ISIN

HK0000211281

CUSIP

EK4197316

Bond Currency

HKD

Total Issue Size

Outstanding Issue Size

100,000,000

Min. Investment Quantity (Nominal)

HKD 1,500,000

Incremental Quantity (Nominal)

HKD 500,000

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

Bond Feature(s)

Change Control Put

Upon the occurrence of a Change of Control (as defined below), the holder of each Note will have the right (unless prior to the giving of the relevant Put Event Notice (as defined below), the Issuer has given notice of redemption under Condition 7.2 or 7.3 above), at such holder's option, exercisable during the Change of Control Put Period (as defined below) by giving to the Issuer a notice (which notice shall be irrevocable save as provided in Condition 7.6) to require the Issuer to redeem or, at the Issuer's option, purchase (or procure the purchase of), all, but not some only, of such holder's Notes on the Put Date (as defined below) at the Change of Control Redemption Amount specified in, or determined in the manner specified in, the applicable Pricing Supplement, together with accrued interest up to, but excluding the Put Date. Such option shall operate as set out below and in Condition 7.6.

The Issuer shall promptly give notice to Noteholders and the Fiscal Agent in accordance with Condition 14 by not later than 14 days following the first day on which it becomes aware of the occurrence of a Change of Control, which notice shall specify the procedure for exercise by holders of their rights to require redemption of the Notes pursuant to this Condition 7.5 (a Put Event Notice).

For the purposes of this Condition 7.5:

a Change of Control occurs when:

(a) other than the Cheng Family or any of its affiliates, any Person or Persons, acting together, acquires Control of the Guarantor; or
(b) the Guarantor consolidates with or merges into or sells or transfers all or substantially all of its assets to any other Person, unless the consolidation, merger, sale or transfer will not result in any Person or Persons (other than the Cheng Family or any of its affiliates) acquiring Control over the Guarantor or the successor entity;

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