FPLSP 5.000% Perpetual Corp (SGD)

Bond Factsheet

Matured/ Called

Frasers Property Treasury Pte Ltd

Indicative

Full Lot

Bid Price

100.034

Change in Bid Price

Bid Yield (%)

1.656 %

Change in Bid Yield

remove 0.806

Ask Price

100.089

Change in Ask Price

Ask Yield (%)

-4.871 %

Change in Ask Yield

remove 2.437

Indicative price as of 06 Mar 2020, 12:00am

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Bond Information

Frasers Property Treasury Pte. Ltd. owns and develops real estate properties. The Company provides multinational developer, owner and operator of real estate products and services across the property value chain. Frasers Property Treasury serves customers worldwide.

Bond Issuer

Frasers Property Treasury Pte Ltd

Guarantor

Frasers Property Ltd

Announcement Date

02 Mar 2015

Issue Date

09 Mar 2015

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.395

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

Junior Subordinated

Reference Rate

Reset Date: 09 March 2020 and every 5 years thereafter
Reset Rate: Prevailing SGD 5Y SOR + the Initial Spread (3.015%) + 1% Coupon Step Up (on 9 March 2025)

ISIN

SG6VI9000005

CUSIP

EK7808083

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

700,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

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

SGX

Bond Feature(s)

Deferral Interest Payment

"If Optional Payment is set out hereon, the 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, 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 12 September 2014 & Pricing Supplement Dated 6 March 2015

Issuer Call

The lssuer may, by giving not less than 30 days' nor more than 60 days' prior notice to the Perpetual Securityholders, redeem all or some of the Perpetual Securities on any Distribution Payment Date provided that:

in the case of a redemption of any Perpetual Securities on the First Reset Date and each Distribution Payment Date occurring after the First Reset Date (9 March 2020), such Perpetual Securities will be redeemed at the Redemption Amount

Extracted from Information Memorandum Dated 12 September 2014 & Pricing Supplement Dated 6 March 2015

Coupon Step

Distribution Rate:

in respect of the period from, and including, the First Reset Date (9 March 2020) to, but excluding, the Step-Up Date (9 March 2025), the applicable Reset Distribution Rate:
- SOR + Initial Spread (3.015%) + Change of Control Margin (if applicable)

in respect of the period from, and including, the Step-Up Date (9 March 2025) and each Reset Date (every 5 years thereafter) falling thereafter, the applicable Reset Distribution Rate:
- SOR + Initial Spread (3.015%) + Step-Up Margin (1.00%) + Change of Control Margin (if applicable)

Extracted from Information Memorandum Dated 12 September 2014 & Pricing Supplement Dated 6 March 2015

Change Control Call

..the Perpetual Securities may be redeemed at the option of the Issuer in whole, but not in part, on any Distribution Payment Date or, if so specified hereon, at any time on giving not less than 30 nor more than 60 days' notice to the Perpetual Securityholders (which notice shall be irrevocable), at their Redemption Amount (at 100%), (together with distribution (including any Arrears of Distribution and any Additional Distribution Amount) accrued to (but excluding) the date fixed for redemption), following the occurrence of a Change of Control Event..

Extracted from Information Memorandum Dated 12 September 2014 & Pricing Supplement Dated 6 March 2015

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