TTMTIN 7.750% 15Oct2025 Corp (USD)

Bond Factsheet

Matured/ Called

Jaguar Land Rover Automotive PLC

Indicative

Full Lot

Bid Price

99.958

Change in Bid Price

0.027

Bid Yield (%)

Change in Bid Yield

Ask Price

100.367

Change in Ask Price

0.032

Ask Yield (%)

Change in Ask Yield

Indicative price as of 29 Aug 2025, 12:00am

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Bond Information

Jaguar Land Rover Automotive Plc designs, develops, and manufactures automobiles. The Company offers sports cars, jeep, powertrains, turbocharged engines, and other vehicles. Jaguar Land Rover Automotive serves customers worldwide.

Bond Issuer

Jaguar Land Rover Automotive PLC

Guarantor

Subsidiaries

Announcement Date

07 Oct 2020

Issue Date

13 Oct 2020

Maturity Date

15 Oct 2025

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

7.750

Coupon Type

Fixed

Annual Coupon Rate

7.750

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

USG5002FAT33

CUSIP

ZO8238313

Bond Currency

USD

Total Issue Size

700,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Consumer Discretionary

Bond Sub Sector

Automobiles

Issuer Credit Rating (S&P/ Fitch)

***/ W.R

Bond Credit Rating (S&P/ Fitch)

***/ W.R

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Issuer Call

On or after 15 October 2022, and prior to maturity, upon not less than 10 nor more than 60 days' written notice, the Issuer may redeem at any time and from time to time, at its option, all or part of the Notes at the following redemption prices (expressed as percentages of their principal amount at maturity), plus accrued and unpaid interest and Additional Amounts, if any, to, but excluding, the date of redemption, if redeemed during the 12-month period commencing on the anniversary of the Issue Date in each of the years set forth below.
At any time and from time to time on or after August 18, 2023, the Company may redeem the Notes, in whole or in part, at the redemption prices set forth below, plus accrued and unpaid interest, if any, on the Notes redeemed to (but not including) the redemption date if redeemed during the twelve-month period beginning on August 18 of the year indicated below:

Year	Redemption Price
2022	103.875%
2023	101.938%
2024 and thereafter	100.000%

Make Whole Call

Prior to 15 October 2022, upon not less than 10 nor more than 60 days' written notice, the Issuer may redeem at any time and from to time, at its option, all or part of the Notes at a redemption price equal to 100% of the principal amount of such Notes plus, in each case, the Applicable Premium as of, and accrued and unpaid interest and Additional Amounts, if any, thereon to, but excluding, the date of redemption.

"Applicable Premium" means, with respect to any Note being redeemed on any date of redemption, the greater of:

(1) 1.0% of the principal amount of such Note; and

(2) the excess, if any, of:

(a) the present value at such date of redemption of (i) the redemption price of such Note at 15 October 2022 (such redemption price being set forth in the table appearing under the caption "Optional Redemption—Optional Redemption of the Notes on or after 15 October 2022"), plus (ii) all required remaining scheduled interest payments due on such Note through 15 October 2022 (excluding accrued but unpaid interest to the date of redemption), computed using a discount rate equal to the Treasury Rate as of such date of redemption plus 50 basis points; over

(b) the then outstanding principal amount of such Note.

The Issuer shall calculate or cause to be calculated the Applicable Premium and the Trustee shall have no duty to calculate or verify the Issuers' calculation of the Applicable Premium.

Change Control Put

Each holder of the Notes, upon the occurrence of a Change of Control Repurchase Event, will have the right to require that the Issuer repurchase such holder's Notes (a "Change of Control Offer"), at a purchase price in cash equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to the date of purchase (subject to the right of holders of record on the relevant record date to receive interest due on the relevant interest payment date).

"Change of Control" means the occurrence of one or more of the following events: (1) the Issuer becomes aware that any person or group of related persons (as such terms are used in Section 13(d) and 14(d) of the Exchange Act as in effect on the Issue Date) other than Tata Motors Limited or any of its Affiliates has become the beneficial owner (as defined in Rules 13d-3 and 13d-5 of the Exchange Act as in effect on the Issue Date), directly or indirectly, of more than 50% of the total voting power of the Voting Stock of the Issuer; or

(2) any sale, lease, exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Issuer to any person or group of related persons (as such terms are used in Section 13(d) and 14(d) of the Exchange Act as in effect on the Issue Date) other than to one or more Subsidiaries or the Issuer.

Notwithstanding the foregoing, (i) a person or group of related persons shall not be deemed to beneficially own securities subject to an equity or asset purchase agreement, merger agreement or similar agreement (or voting or option or similar agreement related thereto) until the consummation of the transactions contemplated by such agreement and (ii) the right to acquire Voting Stock (so long as such Person does not have the right to direct the voting of the Voting Stock subject to such right) or any veto power in connection with the acquisition or disposition of Voting Stock will not cause a party to be a beneficial owner.

"Change of Control Repurchase Event" means the occurrence of a Change of Control and a Rating Event.

Equity Call

Prior to 15 October 2022, upon not less than 10 nor more than 60 days' written notice, the Issuer may redeem at any time and from time to time, at its option, up to 40% of the aggregate principal amount of the Notes at a redemption price equal to 107.75% of the principal amount of the Notes being redeemed, plus accrued and unpaid interest thereon and Additional Amounts, if any, to, but excluding, the date of redemption, with the net cash proceeds from one or more Equity Offerings. The Issuer may only do this, however, if:

(a) at least 60% of the aggregate principal amount of the initially issued Notes (excluding Notes that are held by the Issuer or any of its Subsidiaries) would remain outstanding immediately after the occurrence of such proposed redemption; and

(b) the redemption occurs within 180 days after the closing of such Equity Offering.

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