FAEACO 3.750% 08Sep2021 Corp (USD)

Bond Factsheet

Matured/ Called

Far East Consortium International Ltd

Indicative

Full Lot

Bid Price

99.532

Change in Bid Price

0.004

Bid Yield (%)

Change in Bid Yield

Ask Price

99.794

Change in Ask Price

0.011

Ask Yield (%)

Change in Ask Yield

Indicative price as of 08 Sep 2021, 12:00am

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Bond Information

Far East Consortium International Limited, through its subsidiaries, develops and invests in real estate. The Company also operates hotels.

Bond Issuer

Far East Consortium International Ltd

Guarantor

Announcement Date

31 Aug 2016

Issue Date

08 Sep 2016

Maturity Date

08 Sep 2021

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

3.750

Coupon Type

Fixed

Annual Coupon Rate

3.750

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS1485805532

CUSIP

QZ3569451

Bond Currency

USD

Total Issue Size

Outstanding Issue Size

236,630,000

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)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Change Control Put

Following the occurrence of a Change of Control (as defined below), the holder of each Note will have the right at such holder’s option, to require the Issuer to redeem all or some only of that holder’s Notes on the Change of Control Redemption Date (as defined below) at 100 per cent. of their nominal amount together with interest accrued to the date fixed for redemption.

a "Change of Control" occurs when:

any Person or Persons acting together acquires Control of the Issuer if such Person or Persons does not or do not have, and would not be deemed to have, Control of the Issuer on the Closing Date other than, David Chiu and/or the estate of Deacon Te Ken Chiu, companies directly or indirectly controlled by either or both of them, or trusts of which either or both of them or their family members or relatives are beneficiaries, acting individually or together;
the Issuer consolidates with or merges into or sells or transfers all or substantially all of the Issuer’s 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 or
one or more Persons (other than any Person referred to in the proviso to sub-paragraph (i) above) acquires the legal or beneficial ownership of all or substantially all of the Issuer’s issued share capital

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