FIRTSP 4.9817% Perpetual Corp (SGD)

Bond Factsheet

Matured/ Called

First Real Estate Investment Trust

Indicative

Full Lot

Bid Price

99.800

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.050

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 08 Jan 2026, 12:00am

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Bond Information

First Real Estate Investment Trust is a healthcare real estate investment trust. The Trust invests in and owns a diversified portfolio of healthcare and healthcare-related real-estate assets in Asia.

Bond Issuer

First Real Estate Investment Trust

Guarantor

Announcement Date

30 Jun 2016

Issue Date

08 Jul 2016

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.259

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.680

Coupon Type

Variable

Annual Coupon Rate

4.9817

Coupon Frequency

Semi Annually

Seniority

Junior Subordinated

Reference Rate

Reset Date: 8 July 2021 and every 5 years thereafter
Reset Rate: 5Yr SGD SOR + Initial Spread (392.5 bps)

ISIN

SG73F5000007

CUSIP

LW6600784

Bond Currency

SGD

Total Issue Size

60,000,000

Outstanding Issue Size

33,250,000

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

Exchange Listed

SGX

Bond Feature(s)

Deferral Interest Payment

The Issuer may, at its sole discretion, elect not to pay a distribution (or to pay onlypart of a distribution) which is scheduled to be paid on a Distribution Payment Date by giving notice (an "Optional Payment Notice") to the Trustee, the Issuing and Paying Agent, the Registrar and the Perpetual Security holders (in accordance with Condition 14) not more than 15 nor less than three business days (or such other notice period as may be specified hereon) prior to a scheduled Distribution Payment Date.

Non-Cumulative Deferral of Interest Payment

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 optional amount up to the amount of distribution which is unpaid (an "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).

Dividend Stopper

If, on any Distribution Payment Date, payments of all distribution scheduled to be made on such date are not made in full by reason of Condition 4(IV) of the Perpetual Securities, the Issuer shall not and shall procure that none of its subsidiaries shall:

(a) 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 of the Issuer or (except on a pro rata basis) any of the Parity Obligations of the Issuer; or

(b) 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 the Junior Obligations of the Issuer or (except on a pro rata basis) any of the Parity Obligations of the Issuer,

unless and until (1) a redemption of all the outstanding Perpetual Securities has occurred, (2) the next scheduled distribution has been paid in full, (3) 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 (4) the Issuer is permitted to do so by an Extraordinary Resolution of the Perpetual Securityholders.

Issuer Call

Callable on 8 July 2021 & on every distribution payment date thereafter at par

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