SCISP 5.000% Perpetual Corp (SGD)

Bond Factsheet

Matured/ Called

Sembcorp Industries Ltd

Indicative

Full Lot

Bid Price

100.000

Change in Bid Price

Bid Yield (%)

4.944 %

Change in Bid Yield

Ask Price

100.080

Change in Ask Price

remove 0.003

Ask Yield (%)

4.772 %

Change in Ask Yield

0.007

Indicative price as of 24 Aug 2018, 12:00am

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Bond Information

Sembcorp Industries Ltd provides utilities and integrated services for industrial sites such as power, gas, steam, water, wastewater treatment and other on-site services. Sembcorp Industries serves industrial parks, business, commercial, and residential spaces.

Bond Issuer

Sembcorp Industries Ltd

Guarantor

Announcement Date

13 Aug 2013

Issue Date

21 Aug 2013

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.381

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.000

Coupon Type

Variable

Annual Coupon Rate

5.000

Coupon Frequency

Semi Annually

Seniority

Subordinated

Reference Rate

SOR + 2.187% + Step-up Margin

Reset Date = 21Aug2023 and every 10 years thereafter

ISIN

SG57D5995717

CUSIP

EJ7906757

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

200,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Industrials

Bond Sub Sector

Industrial Conglomerates

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

Extracted from Information Memorandum Dated 17 May 2013 & Pricing Supplement Dated 19 August 2013]

Issuer Call

"The Issuer may, by giving not less than 30 days' nor more than 60 days' prior to the Perpetual Securityholders, redeem all (and not some only) of the Perpetual Securities on 21 August 2018 (the "First Call Date") and each Distribution Payment Date occurring after the First Call Date and at the Redemption Amount together with distribution accrued..."

Extracted from Information Memorandum Dated 17 May 2013 & Pricing Supplement Dated 19 August 2013]

Coupon Step

The Distribution Rate applicable to the Perpetual Securities shall be:

in respect of the period from, and including, the Issue Date to but excluding, the Step-Up Date (21 August 2023), 5 Per Cent per annum, and
in respect of the period from, and including the Step-Up Date and each Reset Date falling thereafter to, but excluding the immediate following Reset Date, the Reset Distribution Rate

"Reset Distribution Rate" means the Swap Offer Rate with respect to the relevant Reset Date plus the Initial Spread (2.187%) the Step-Up Margin (1%) .
"Reset Date" = The First Reset Date and each date falling every 10 years after the First Reset Date.

Extracted from Information Memorandum Dated 17 May 2013 & Pricing Supplement Dated 19 August 2013]

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