FWDGHD 5.000% 24Sep2024 Corp (USD)

Bond Factsheet

Matured/ Called

FWD Group Holdings Limited

Indicative

Full Lot

Bid Price

99.830

Change in Bid Price

remove 0.012

Bid Yield (%)

Change in Bid Yield

Ask Price

99.983

Change in Ask Price

remove 0.004

Ask Yield (%)

Change in Ask Yield

Indicative price as of 24 Sep 2024, 12:00am

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Bond Information

FWD Group Holdings Limited operates as a holding company. The Company, through its subsidiaries, provides life, health, and other insurance products. FWD Group Holdings serves customers in Hong Kong, Macau, Thailand, Japan, and other South East Asia countries including the Philippines, Indonesia, Singapore, Vietnam, Malaysia, and Cambodia.

Bond Issuer

FWD Group Holdings Limited

Guarantor

Announcement Date

17 Sep 2014

Issue Date

24 Sep 2014

Maturity Date

24 Sep 2024

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

99.510

Issue / Reoffer Yield

5.063052

Coupon Type

Fixed

Annual Coupon Rate

5.000

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS1106513762

CUSIP

EK5014338

Bond Currency

USD

Total Issue Size

325,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Insurance

Issuer Credit Rating (S&P/ Fitch)

***/ BBB+

Bond Credit Rating (S&P/ Fitch)

***/ BBB

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Make Whole Call

The Issuer may, at any time, on giving not less than 15 days' nor more than 30 days' notice to the Holders, the Registrar and the Fiscal Agent (which shall be irrevocable), redeem the Notes in whole, but not in part, at their Make Whole Redemption Price, together with interest accrued but unpaid to the date fixed for redemption.

"Make Whole Redemption Price" means in respect of each Note, (a) the principal amount of such Note or, if this is higher (b) the amount equal to the sum of the present value of the principal amount of such Note, together with the present values of the interest payable for the relevant Interest Periods from the relevant date fixed for redemption to the Maturity Date, in each case, discounted to such redemption date on a semi-annual compounded basis at the adjusted US Treasury Rate plus 0.50 per cent. , all as determined by the Determination Agent;

Change Control Put

Following the occurrence of a Change of Control, the Issuer shall give notice to Holders and the Fiscal Agent in accordance with Condition 14 (Notices) by not later than 14 days following the first day on which it becomes aware of the occurrence of a Change of Control, which notice shall specify the procedure for exercise by holders of their rights to require redemption of the Notes pursuant to this Condition 5(c) (Redemption for Change of Control), and the Holder of any Note will have the right at any time following the occurrence of a Change of Control, at such Holder's option, to require the Issuer to redeem all but not some only of that Holder's Notes on the Change of Control Put Date at 101 per cent. , of its principal amount, together with accrued interest up to, but excluding the Change of Control Put Date.

a "Change of Control" occurs when:

(i) Mr. Richard Li ceases to Control the Issuer;

(ii) any Person or Persons, other than Mr. Richard Li, acting together acquires Control of the Issuer; or

(iii) the Issuer consolidates with or merges into or sells or transfers all or substantially all of its 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; and

"Control" means the acquisition or control of more than 50 per cent., of the voting rights of the issued share capital of the Issuer or the right to appoint and/or remove all or the majority of the members of the Issuer's board of directors or other governing body, whether held or obtained directly or indirectly, and whether held or obtained by ownership of share capital, the possession of voting rights, contract or otherwise and the terms.

"Controlling" and "Controlled" shall have meanings correlative to the foregoing.

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