KREITS 4.980% Perpetual Corp (SGD)

Bond Factsheet

Matured/ Called

Keppel REIT MTN Pte. Ltd.

Indicative

Full Lot

Bid Price

100.054

Change in Bid Price

Bid Yield (%)

-3.980 %

Change in Bid Yield

remove 2.209

Ask Price

100.230

Change in Ask Price

Ask Yield (%)

-24.823 %

Change in Ask Yield

remove 7.416

Indicative price as of 30 Oct 2020, 12:00am

chevron_leftchevron_right

Bond Information

Keppel REIT owns a portfolio of Grade A commercial assets in prime financial districts of Singapore, Australia, Japan, and Seoul. The REIT's objective is to generate stable income and long-term growth for Unit holders by owning and investing in a portfolio of income-producing commercial real estate and real estate-related assets in Singapore and pan-Asia.

Bond Issuer

Keppel REIT MTN Pte. Ltd.

Guarantor

Announcement Date

26 Oct 2015

Issue Date

02 Nov 2015

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.076

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.980

Coupon Type

Variable

Annual Coupon Rate

4.980

Coupon Frequency

Semi Annually

Seniority

Junior Subordinated

Reference Rate

Reset Rate = 5Y SGD SOR + Initial Spread (270.5bps)
Reset Date=2 November 2020 & every 5 yrs thereafter

ISIN

SG6ZF7000004

CUSIP

QJ4034147

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

150,000,000

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 only part of a distribution) which is scheduled to be paid on a Distribution Payment Date by giving notice to the Trustee, the Issuing and Paying Agent and the Perpetual Security holders not more than 15 nor less than three business days prior to a scheduled Distribution Payment Date.

Any distribution deferred pursuant to this condition 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 is not obliged to), and at any time, elect to pay an amount up to the amount of distribution which is unpaid ("Optional Distribution") (in whole or in part). 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.

[Extracted from Information Memorandum Dated 20 October 2015 and Pricing Supplement dated 28 October 2015.]

Issuer Call

The Issuer may, at its option, redeem the Perpetual Securities in whole, but not in part, on the 20 November 2020 or on any Distribution Payment Date thereafter at their principal amount, together with the distribution accrued from (and including) the immediately preceding Distribution Payment Date to (but excluding) the date fixed for redemption, on giving not less than 30 nor more than 60 days' notice to the Perpetual Security holders (which notice shall be irrevocable).

[Extracted from Information Memorandum Dated 20 October 2015 and Pricing Supplement dated 28 October 2015.]

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.