DEGREE 7.250% 03Jun2021 Corp (USD)

Bond Factsheet

Matured/ Called

361 Degrees International Ltd

Indicative

Full Lot

Bid Price

99.818

Change in Bid Price

1.089

Bid Yield (%)

Change in Bid Yield

Ask Price

100.302

Change in Ask Price

0.152

Ask Yield (%)

Change in Ask Yield

Indicative price as of 03 Jun 2021, 12:00am

chevron_leftchevron_right

Bond Information

361 Degrees International Ltd. designs, develops, manufactures, markets and distributes sportswear products, including athletic footwear, apparel and accessories.

Bond Issuer

361 Degrees International Ltd

Guarantor

Subsidiaries

Announcement Date

24 May 2016

Issue Date

03 Jun 2016

Maturity Date

03 Jun 2021

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

99.055

Issue / Reoffer Yield

7.501

Coupon Type

Fixed

Annual Coupon Rate

7.250

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS1415758991

CUSIP

LW1544128

Bond Currency

USD

Total Issue Size

Outstanding Issue Size

127,810,000

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

Textiles, Apparel and Luxury Goods

Issuer Credit Rating (S&P/ Fitch)

***/ B

Bond Credit Rating (S&P/ Fitch)

***/ B

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Issuer Call

At any time and from time to time on or after June 3, 2019, our Company may at its option redeem the Notes, in whole or in part, at a redemption price equal to the percentage of principal amount set forth below plus accrued and unpaid interest, if any, to (but not including) the redemption date if redeemed during the twelve-month period beginning on June 3 of each of the years indicated below.

Period	Redemption Price
2019	103.625%
2020	101.8125%

Make Whole Call

At any time prior to June 3, 2019, our Company may at its option redeem the Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the Notes plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including) the redemption date.

"Applicable Premium" means with respect to a Note at any redemption date, the greater of

1.00% of the principal amount of such Note and
the excess of
- the present value at such redemption date of (x) the redemption price of such Note at June 3, 2019, (such redemption price being set forth in the table appearing above under the caption "Optional Redemption"), plus (y) all required remaining scheduled interest payments due on such Note through June 3, 2019, (but excluding accrued and unpaid interest to the redemption date), computed using a discount rate equal to the Adjusted Treasury Rate plus 100 basis points, over
- the principal amount of such Note on such redemption date.

Change Control Put

Not later than 30 days following a Change of Control Triggering Event, our Company will make an Offer to Purchase all outstanding Notes (a "Change of Control Offer") at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to (but not including) the Offer to Purchase Payment Date.

"Change of Control Triggering Event" means the occurrence of both a Change of Control and, provided that the Notes are rated by at least one Rating Agency, a Rating Decline.

"Change of Control" means the occurrence of one or more of the following events:

the merger, amalgamation, or consolidation of our Company with or into another Person or the merger or amalgamation of another Person with or into our Company, or the sale of all or substantially all the assets of our Company to another Person;
the Permitted Holders are the beneficial owners (as such term is used in Rule 13d-3 of the Exchange Act) of less than 40% of the total voting power of the Voting Stock of our Company;
any "person" or "group" (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the "beneficial owner" (as defined above), directly or indirectly, of total voting power of the Voting Stock of our Company greater than such total voting power held beneficially by the Permitted Holders;
individuals who on the Original Issue Date constituted the board of directors of our Company, together with any new directors whose election by the board of directors was approved by a vote of at least two-thirds of the directors then still in office who were either directors on the Original Issue Date or whose election was previously so approved, cease for any reason to constitute a majority of the board of directors of our Company then in office; or
the adoption of a plan relating to the liquidation or dissolution of our Company.

Equity Call

At any time and from time to time prior to June 3, 2019, our Company may at its option redeem up to 35% of the aggregate principal amount of the Notes originally issued with the Net Cash Proceeds of one or more sales of Common Stock of the Company in one or more Equity Offerings at a redemption price of 107.25% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to (but not including) the redemption date; provided that at least 65% of the aggregate principal amount of the Notes originally issued on the Original Issue Date remains outstanding after each such redemption

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.