CTRAIJ 4.850% 20Sep2021 Corp (SGD)

Bond Factsheet

Matured/ Called

Ciputra Development Tbk PT

Indicative

Full Lot

Bid Price

98.000

Change in Bid Price

Bid Yield (%)

13.527 %

Change in Bid Yield

0.282

Ask Price

100.000

Change in Ask Price

Ask Yield (%)

4.799 %

Change in Ask Yield

Indicative price as of 17 Jun 2021, 12:00am

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Bond Information

PT Ciputra Development Tbk develops and sells real estate including office spaces, shopping centers, and related facilities as well as industrial estates. The Company also designs, develops, and maintains housing facilities including golf courses, clubs, restaurants, recreational places, and related facilities.

Bond Issuer

Ciputra Development Tbk PT

Guarantor

Announcement Date

13 Sep 2017

Issue Date

20 Sep 2017

Maturity Date

20 Sep 2021

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.850

Coupon Type

Fixed

Annual Coupon Rate

4.850

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

SG7HD1000001

CUSIP

AO0070349

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

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Real Estate Management and Development

Issuer Credit Rating (S&P/ Fitch)

***/ B+

Bond Credit Rating (S&P/ Fitch)

***/ B+

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Change Control Put

At 101%,

If, for any reason, a Change of Control occurs, the Issuer shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount, together with interest accrued to (but excluding) the date fixed for redemption, on the date falling 60 days from the date of the Change of Control Notice (as defined in Condition 6(e)(ii) of the Notes) (or if such date is not a business day, on the next day which is a business day).

A "Change of Control" means any of the following events:

(a) any person or persons (other than the Ciputra Family Members) acting together acquires or acquires Control of the Issuer, if such person or persons does not or do not have, and would not be deemed to have, Control of the Issuer on the date of the Trust Deed;

(b) the Issuer consolidates with or merges into or sells or transfers all or substantially all of the Issuer's assets to any other person, unless the consolidation, merger, sale or transfer will not result in the other person or persons acquiring Control over the Issuer or the successor entity; or

(c) one or more persons (other than any person referred to in sub-paragraph (a) above) acquires the legal or beneficial ownership of all or substantially all of the Issuer's issued share capital.

"Ciputra Family Members" means Dr Ir Ciputra, his spouse, siblings and close family members, including their spouses, children aged 18 and above and such child's spouse, sibling and such sibling's spouse and spouse's sibling;

"Control" means (i) the ownership or control of more than 50 per cent. of the voting rights of the issued share capital of the Issuer or (ii) the right to appoint and/or remove all or the majority of the members of the Issuer's Board of Commissioners, Board of Directors or other governing body, whether obtained directly or indirectly, and whether obtained by ownership of share capital, the possession of voting rights, contract or otherwise; and

"person" includes any individual, company, corporation, firm, partnership, joint venture, undertaking, association, organisation, trust, state or agency of a state (in each case whether or not being a separate legal entity) but does not include the Issuer's Board of Commissioners, the Issuer's Board of Directors or any other governing board and does not include the Issuer's wholly-owned direct or indirect subsidiaries.

Cessation Put

In the event that (i) the shares of the Issuer cease to be traded on the Indonesia Stock Exchange ("IDX") or (ii) trading in the shares of the Issuer on the IDX is suspended for a continuous period of more than 10 market days, the Issuer shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount together with interest accrued to the date fixed for redemption on any date on which interest is due to be paid on such Notes or, if earlier, the date falling 30 days after the Effective Date. The Issuer shall within seven days after the Effective Date, give notice to the Trustee, the Issuing and Paying Agent and the Noteholders of the occurrence of the event specified in this paragraph (g) (provided that any failure by the Issuer to give such notice shall not prejudice any Noteholder of such option). To exercise such option, the holder must deposit (in the case of Bearer Notes) such Note (together with all unmatured Coupons and unexchanged Talons) with any Paying Agent at its specified office or (in the case of Registered Notes) the Certificate representing such Note(s) with the relevant Registrar or the relevant Transfer Agent at its specified office, together with an Exercise Notice in the form obtainable from any Paying Agent, the relevant Registrar or the relevant Transfer Agent or the Issuer (as applicable), no later than 30 days after the Effective Date. Any Note or Certificate so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.

In this Condition 6(g),

(1) "Effective Date" means (where the shares of the Issuer cease to be traded on the IDX) the date of cessation of trading or (where trading in the shares of the Issuer on the IDX is suspended for a continuous period of more than 10 market days) the business day immediately following the expiry of such continuous period of 10 market days; and

(2) "market day" means a day on which the IDX is open for securities trading.

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