STX 5.875% 15Jul2030 Corp (USD)

Bond Factsheet

Seagate Data Storage Technology Pte. Ltd.

Indicative

Full Lot

Bid Price

99.019

Change in Bid Price

0.169

Bid Yield (%)

6.167 %

Change in Bid Yield

remove 0.051

Ask Price

99.743

Change in Ask Price

0.140

Ask Yield (%)

5.949 %

Change in Ask Yield

remove 0.042

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

chevron_leftchevron_right

Bond Information

Seagate Data Storage Technology Pte. Ltd. provides software solutions. The Company serves customers in Singapore.

Bond Issuer

Seagate Data Storage Technology Pte. Ltd.

Guarantor

Parent & Subsidiaries

Announcement Date

12 May 2025

Issue Date

27 May 2025

Maturity Date

15 Jul 2030

Years to Maturity / Next Call

3.773 / 0.649

Modified Duration

3.293 @ 06 Oct 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.875

Coupon Type

Fixed

Annual Coupon Rate

5.875

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

US81180LAT26

CUSIP

81180LAT2

Bond Currency

USD

Total Issue Size

400,000,000

Min. Investment Quantity (Nominal)

USD 2,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Information Technology

Bond Sub Sector

Technology Hardware, Storage and Peripherals

Issuer Credit Rating (S&P/ Fitch)

***/ BBB-

Bond Credit Rating (S&P/ Fitch)

***/ BBB-

Shariah Compliant

Exchange Listed

Bond Feature(s)

Issuer Call

Optional Redemption:

At any time on or after June 1, 2027, the Company may redeem some or all of such notes at the redemption prices (expressed in percentage of principal amount) set forth below, plus accrued and unpaid interest to, but excluding, the redemption date.

Period Beginning June 1	Price
2027	102.938%
2028	101.469%
2029 and thereafter	100.000%

Make Whole Call

At any time prior to June 1, 2027, the Company may redeem the notes at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:

(1) (a) the sum of the present values at such redemption date of the applicable redemption price of such notes that would apply if such notes were redeemed on June 1, 2027, as set forth in the table below plus the remaining scheduled payments of interest due on such notes to and including June 1, 2027, discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 50 basis points less (b) interest accrued to the date of redemption, and

(2) 100% of the principal amount of such notes to be redeemed, plus, in either case, accrued and unpaid interest thereon, if any, to, but excluding, the redemption date.

Change Control Put

Repurchase of Notes upon a Change of Control Triggering Event:

Not later than 30 days following a Change of Control Triggering Event with respect to the notes, the Company will make an Offer to Purchase all outstanding notes at a purchase price equal to 101% of the principal amount thereof, plus accrued and unpaid interest, if any, to the date of purchase.

“Change of Control Triggering Event” means, with respect to the notes, the occurrence of (x) a Change of Control that is accompanied or followed by a downgrade of the notes within the applicable Ratings Decline Period by each of Moody’s and S&P (or, in the event S&P or Moody’s or both shall cease rating the notes (for reasons outside the control of the Company or the Guarantors) and the Company shall select any other Rating Agency, the equivalent of such ratings by such other Rating Agency) and (y) the rating of the notes on any day during such Ratings Decline Period is below the lower of the rating by such Rating Agency in effect (i) immediately preceding the first public announcement of the Change of Control (or occurrence thereof if such Change of Control occurs prior to public announcement) and (ii) the Issue Date.

“Change of Control” means:

(1) any “person” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act) (other than, in the case of the Company, a Guarantor and any of their Wholly-Owned Subsidiaries), is or becomes the “beneficial person shall be deemed to have “beneficial ownership” of all shares that any such person has the right to acquire, whether such right is exercisable immediately or only after the passage of time), directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Company or a Guarantor (for purposes of this clause (1), a person shall be deemed to beneficially own any Voting Stock of a person (the “specified person”) held by any other person (the “parent entity”) so long as such person is the beneficial owner (as defined in this clause (1)), directly or indirectly, of more than 50% of the voting power of the Voting Stock of the parent entity); provided, however; that a transaction will not be deemed to involve a Change of Control under this clause (1) if (a) the Company or a Guarantor becomes a direct or indirect wholly owned subsidiary of a holding company, and (b)(i) the direct or indirect holders of the Voting Stock of such holding company immediately following that transaction are substantially the same as the holders of such Guarantor’s Voting Stock immediately prior to that transaction or (ii) immediately following that transaction no “person” or “group” (other than a holding company satisfying the requirements of this sentence) is the beneficial owner, directly or indirectly, of more than 50% of the Voting Stock of such holding company;

(2) the adoption of a plan relating to the liquidation or dissolution of the Company or a Guarantor; or

(3) the merger or consolidation of the Company or a Guarantor with or into another Person or the merger of another Person with or into the Company or a Guarantor, or the sale of all or substantially all the assets of the Company or a Guarantor (determined on a consolidated basis) to another Person (other than the Company or any of its Subsidiaries), other than a transaction following which, in the case of a merger or consolidation transaction, holders of securities that represented 100% of the Voting Stock of the Company or a Guarantor immediately prior to such transaction (or other securities into which such securities are converted as part of such merger or consolidation transaction) own directly or indirectly at least a majority of the voting power of the Voting Stock of the surviving Person in such merger or consolidation transaction immediately after such transaction and in substantially the same proportion as before the transaction.

Equity Call

In addition, at any time prior to June 1, 2027, the Company may redeem up to 40% of the outstanding principal amount of the notes (including additional notes, if any) with the net cash proceeds of one or more Equity Offerings at a redemption price (expressed as a percentage of principal amount) of 105.875% with respect to the notes, plus accrued interest to, but excluding, the redemption date; provided that (i) at least 60% of the aggregate principal amount of the notes originally issued on the date of the indenture remains outstanding after each such redemption, and (ii) notice of any such redemption is mailed within 60 days of the closing of the related Equity Offering.

“Equity Offering” means a public or private offering for cash by the Company, or any direct or indirect parent of the Company, of its ordinary shares, common equity or preferred shares other than (1) public offerings registered on Form S-4 or S-8 or (2) an issuance to any Subsidiary or other affiliate.

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.

Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

No Data