MLTSP 4.300% Perpetual Corp (SGD)

Bond Factsheet

Mapletree Logistics Trust

Indicative

Full Lot

Bid Price

101.750

Change in Bid Price

Bid Yield (%)

3.651 %

Change in Bid Yield

remove 0.001

Ask Price

102.233

Change in Ask Price

Ask Yield (%)

3.475 %

Change in Ask Yield

remove 0.001

Indicative price as of 06 Oct 2026, 4:04pm

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Bond Information

Mapletree Logistics Trust is an Asia-focused logistics real estate investment trust. The Trust invests in a diversified portfolio of income-producing logistics real estate in Singapore, Japan, Hong Kong, South Korea, China, Australia, Malaysia, and Vietnam.

Bond Issuer

Mapletree Logistics Trust

Guarantor

Announcement Date

15 Aug 2024

Issue Date

22 Aug 2024

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 2.877

Modified Duration

2.673 @ 06 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.300

Coupon Type

Variable

Annual Coupon Rate

4.300

Coupon Frequency

Semi Annually

Seniority

Subordinated

Reference Rate

Reset Date: 22Aug2029 and every 5 years thereafter
Reset Rate: prevailing 5Y SORA-OIS + Initial Spread (1.871%)

ISIN

SGXF37653072

CUSIP

YV1803472

Bond Currency

SGD

Total Issue Size

180,000,000

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)

***/ BBB+

Bond Credit Rating (S&P/ Fitch)

***/ BBB-

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Deferral Interest Payment

Distribution Deferral

(a) Optional Deferral: If Distribution Deferral is specified as being applicable in the applicable Pricing Supplement, the Issuer may, at its sole discretion, elect to defer (in whole or in part) any distribution which is otherwise scheduled to be paid on a Distribution Payment Date to the next Distribution Payment Date by giving notice (a Deferral Election Notice) to the Securityholders (in accordance with Condition 13 (Notices)) and the Trustee and the Issuing and Paying Agent not more than 15 nor less than 3 Business Days (or such other notice period as may be specified in the applicable Pricing Supplement) prior to a scheduled Distribution Payment Date.

Refer to page 216 of the Offering Circular.

Non-Cumulative Deferral

Non-Cumulative Deferral: If Non-Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement, any distribution deferred pursuant to this Condition 4.5 (Distribution Deferral) is non-cumulative and will not accrue distribution. The Issuer is not under any obligation to pay that or any other distributions that have not been paid in whole or in part.

Dividend Stopper

Restrictions in the case of Deferral: If Dividend Stopper is specified as being applicable in the applicable Pricing Supplement and on any Distribution Payment Date, payment of all distribution payments scheduled to be made on such date is not made in full by reason of this Condition 4.5 (Distribution Deferral), the Issuer and (where the Issuer is MLT Spore-TCo or MLT HK-TCo) the Guarantor shall not:

(A) declare or pay any dividends, distributions or make any other payment on, and will procure that no dividend, distribution or other payment is made on:
(1) if this Perpetual Security is a Senior Perpetual Security, any of its Junior Obligations; or
(2) if this Perpetual Security is a Subordinated Perpetual Security, any of its Junior Obligations or Parity Obligations;
(B) redeem, reduce, cancel, buy-back or acquire for any consideration:
(1) if this Perpetual Security is a Senior Perpetual Security, any of its Junior Obligations; or
(2) if this Perpetual Security is a Subordinated Perpetual Security, any of its Junior Obligations or Parity Obligations, in each case, other than:
(i) except in relation to the Parity Obligations on a pro-rata basis; or
(ii) as a result of the exchange or conversion of Parity Obligations for Junior Obligations, unless and until the Issuer or (where the Issuer is MLT Spore-TCo or MLT HK-TCo) the Guarantor (as the case may be) (aa) (if Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) has satisfied in full all outstanding Arrears of Distribution; (bb) (if Non-Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) a redemption of all the outstanding Perpetual Securities in accordance with Condition 5 (Redemption and Purchase) has occurred, the next scheduled distribution has been paid in full, or an Optional Distribution equal to the amount of a distribution payable with respect to the most recent Distribution Payment Date that was unpaid in full or in part, has been paid in full; or (cc) is permitted to do so by an Extraordinary Resolution (as defined in the Trust Deed) of the Securityholders, and/or as otherwise specified in the applicable Pricing Supplement.

Issuer Call

Redemption at the Option of the Issuer: If Redemption at the Option of the Issuer is specified as being applicable in the applicable Pricing Supplement, the Issuer may, on giving not less than 20 nor more than 60 days’ irrevocable notice to the Trustee and the Issuing and Paying Agent and in accordance with Condition 13 (Notices), the Securityholders (or such other notice period as may be specified in the applicable Pricing Supplement) redeem all, or if so provided, some of the Perpetual Securities on any Optional Redemption Date at the Early Redemption Amount as specified in the applicable Pricing Supplement, together (if appropriate) with distribution accrued to but excluding the relevant Optional Redemption Date (including any Arrears of Distribution and any Additional Distribution Amount, if applicable).

[TBD] August 2029 & on every distribution payment date thereafter at par

Additional Note

Optional Distribution: If Optional Distribution is specified as being applicable in the applicable Pricing Supplement, the Issuer may, at its sole discretion, and at any time, elect to pay an optional amount equal to the amount of distribution which is unpaid in whole or in part (an Optional Distribution) at any time by giving notice of such election to the Securityholders (in accordance with Condition 13 (Notices)) and the Trustee and the Issuing and Paying Agent not more than 20 nor less than 10 Business Days (or such other notice period as may be specified in the applicable Pricing Supplement) prior to the relevant payment date specified in such notice.

Redemption Upon a Ratings Event:

If Redemption Upon a Ratings Event is specified as being applicable in the applicable Pricing Supplement, the Perpetual Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time (if this Perpetual Security is not a Floating Rate Perpetual Security, Index Linked Distribution Perpetual Security or Dual Currency Distribution Perpetual Security) or on any Distribution Payment Date (if this Perpetual Security is a Floating Rate Perpetual Security, Index Linked Distribution Perpetual Security or Dual Currency Distribution Perpetual Security), on giving not less than 30 nor more than 60 days’ notice to the Trustee and the Issuing and Paying Agent and in accordance with Condition 13 (Notices), the Securityholders (which notice shall be irrevocable), at their Early Redemption Amount as specified in the applicable Pricing Supplement, together (if appropriate) with distribution accrued to (but excluding) the date fixed for redemption (including any Arrears of Distribution and any Additional Distribution Amount, if applicable), if, an amendment, clarification or change has occurred or will occur in the equity credit criteria, guidelines or methodology of any Rating Agency requested from time to time by the Issuer to grant an equity classification to the Perpetual Securities and in each case, any of their respective successors to the rating business thereof, which amendment, clarification or change results in a lower equity credit for the Perpetual Securities than the equity credit assigned on the Issue Date or, if equity credit is not assigned on the Issue Date, at the date when equity credit is assigned for the first time (Ratings Event).

Redemption upon a Regulatory Event:

If Redemption upon a Regulatory Event is specified as being applicable in the applicable Pricing Supplement, 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 (if this Perpetual Security is not a Floating Rate Perpetual Security, Index Linked Distribution Perpetual Security or Dual Currency Distribution Perpetual Security) or on any Distribution Payment Date (if this Perpetual Security is a Floating Rate Perpetual Security, Index Linked Distribution Perpetual Security or Dual Currency Distribution Perpetual Security), in each case on giving not less than 30 nor more than 60 days’ notice to the Securityholders (which notice shall be irrevocable), at their Early Redemption Amount as specified in the applicable Pricing Supplement, together (if appropriate) with distribution accrued to (but excluding) the date fixed for redemption (including any Arrears of Distribution and any Additional Distribution Amount, if applicable),

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