COGARD 4.750% 28Sep2023 Corp (USD)

Bond Factsheet

Matured/ Called

Country Garden Holdings Company Limited

Indicative

Full Lot

Bid Price

91.000

Change in Bid Price

Bid Yield (%)

18.291 %

Change in Bid Yield

0.051

Ask Price

92.000

Change in Ask Price

Ask Yield (%)

16.632 %

Change in Ask Yield

0.042

Indicative price as of 19 Dec 2022, 12:00am

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Bond Information

Country Garden Holdings Company Limited operates as a real estate development company. The Company develops and markets high-rise residential buildings, low-rise apartments, villas, commercial facilities, office buildings, and other related areas. Country Garden Holdings also operates building renovation, property investment, property management, and other businesses.

Bond Issuer

Country Garden Holdings Company Limited

Guarantor

Subsidiaries

Announcement Date

20 Sep 2016

Issue Date

28 Sep 2016

Maturity Date

28 Sep 2023

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

98.539

Issue / Reoffer Yield

4.921

Coupon Type

Fixed

Annual Coupon Rate

4.750

Coupon Frequency

Semi Annually

Seniority

First Lien

Reference Rate

ISIN

XS1485578535

CUSIP

QZ6141563

Bond Currency

USD

Total Issue Size

Outstanding Issue Size

650,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Real Estate Management and Development

Issuer Credit Rating (S&P/ Fitch)

***/ BBB-

Bond Credit Rating (S&P/ Fitch)

***/ BBB-

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Issuer Call

At any time and from time to time on or after 28 September 2020, the Company may 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 to (but not including) the redemption date if redeemed during the twelve month period beginning on of each of the years indicated below.

Period	Redemption Price
2020	102.375%
2021	101.188%
2022 & thereafter	100.000%

Make Whole Call

At any time prior to 28 September 2020, the 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 redeemed plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including) the redemption date. The Company will give not less than 30 days’ nor more than 60 days’ notice of any redemption. Neither the Trustee nor any of the Agents will be responsible for verifying or calculating the Applicable Premium.

"Applicable Premium" means at any redemption date, the greater of (1) 1.00% of the principal amount of such Note and (2) the excess of (A) the present value at such redemption date of the redemption price of such Note on 28 September 2020 (such redemption price being set forth in the table appearing under the caption Optional Redemption), plus all required remaining scheduled interest payments due on such Note through , 28 September 2020 (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 (B) 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, the 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 a Rating Decline.

Equity Call

At any time and from time to time prior to 28 September 2020, the Company may redeem up to 35% of the aggregate principal amount of the Notes with the Net Cash Proceeds of one or more sales of Common Stock of the Company in an Equity Offering at a redemption price of [TBA]% of the principal amount of the Notes redeemed, 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 and any such redemption takes place within 60 days after the closing of the related Equity Offering.

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