SCISP 4.750% Perpetual Corp (SGD)

Bond Factsheet

Matured/ Called

Sembcorp Industries Ltd

Indicative

Full Lot

Bid Price

100.015

Change in Bid Price

Bid Yield (%)

4.730 %

Change in Bid Yield

Ask Price

100.065

Change in Ask Price

remove 0.050

Ask Yield (%)

4.517 %

Change in Ask Yield

Indicative price as of 22 May 2020, 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 May 2015

Issue Date

20 May 2015

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.126

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.750

Coupon Type

Variable

Annual Coupon Rate

4.750

Coupon Frequency

Semi Annually

Seniority

Subordinated

Reference Rate

Reset Date: 20May2025 and every 10 Years thereafter
Reset Rate: 10Y SOR + Initial Spread (211bps) + Step-up Margin (100bps)

ISIN

SG6WJ5000005

CUSIP

EK9134009

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

600,000,000

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 Issuer may, at its sole discretion, elect to defer (in whole or in part) Distributions on any Distribution Payment Date by giving notice to the holders not more than 15 nor less than 5 business days prior to the scheduled Distribution Payment Date on a cumulative and compounding basis, unless a Compulsory Distribution Payment Event has occurred (a "Distribution Deferral Election"). Any such deferred distributions shall remain outstanding in full and constitute "Arrears of Distributions" which for the avoidance of doubt, themselves will bear interest...."---------- [Extracted from Indicative Term Sheet Dated 15 May 2015]

Issuer Call

The Issuer may elect (but will not be obliged) to redeem the Securities (in whole but not in part) on 20 May 2020 (the "First Call Date"), or on any Distribution Payment Date thereafter (each such date, together with the First Call Date, a "Call Date") at a price equal to the Principal Amount together with Distribution accrued (including any Arrears of Distribution and any Additional Distribution Amount) to but (excluding) the date fixed for redemption. ----------[Reference from Indicative Term Sheet Dated 13 May 2015]

Coupon Step

The Reset Distribution Rate means the prevailing 10-Year SGD Swap Offer Rate with respect to the Reset Date plus 2.11 percent (2.11%) per annum (the "Initial Spread") and the Step-up Margin (1.00%), payable semi-annually in arrears. ----------[Reference from Indicative Term Sheet Dated 13 May 2015]

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