CSCHCN 6.750% 13Sep2021 Corp (USD)

Bond Factsheet

Matured/ Called

China South City Holdings Limited

Indicative

Full Lot

Bid Price

98.250

Change in Bid Price

0.155

Bid Yield (%)

Change in Bid Yield

Ask Price

98.250

Change in Ask Price

remove 0.426

Ask Yield (%)

Change in Ask Yield

Indicative price as of 12 Oct 2021, 12:00am

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Bond Information

China South City Holdings Ltd. owns and operates an integrated logistics and trade center of industrial materials in China. The trade center primarily features textile and clothing materials; leather and accessories; electronics accessories and products; metals;chemicals and plastic materials and products; and printing and packaging materials.

Bond Issuer

China South City Holdings Limited

Guarantor

Subsidiaries

Announcement Date

06 Sep 2016

Issue Date

13 Sep 2016

Maturity Date

13 Sep 2021

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

98.964

Issue / Reoffer Yield

7.000

Coupon Type

Fixed

Annual Coupon Rate

6.750

Coupon Frequency

Semi Annually

Seniority

First Lien

Reference Rate

ISIN

XS1488049740

CUSIP

QZ4675612

Bond Currency

USD

Total Issue Size

Outstanding Issue Size

315,892,000

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)

***/ B

Bond Credit Rating (S&P/ Fitch)

***/ B

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Issuer Call

At any time and from time to time on or after September 13, 2019, the 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 September 13 of each of the years indicated below.

Period	Redemption Price
2019	103.375%
2020	101.6875%

Make Whole Call

At any time prior to September 13, 2019, 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 plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including) the redemption date. Neither the Trustee nor any of the Agents shall be responsible for calculating or verifying the Applicable Premium.

"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
- (A) the present value at such redemption date of the redemption price of such Note at September 13, 2019 (such redemption price being set forth in the table appearing above under the caption "Optional Redemption"), plus all required remaining scheduled interest payments due on such Note through September 13, 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 (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 September 13, 2019, 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 106.75% 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 and any such redemption takes place within 60 days after the closing of the related Equity Offering.

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