Theta Capital Pte. Ltd.
Indicative
Full Lot
Indicative price as of 30 Oct 2024, 12:00am
Bond Issuer
Theta Capital Pte. Ltd.
Guarantor
Multiple Guarantors
Announcement Date
24 Oct 2016
Issue Date
31 Oct 2016
Maturity Date
31 Oct 2026
Years to Maturity / Next Call
0.071 / 0.071
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.750
Coupon Type
Fixed
Annual Coupon Rate
6.750
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
XS1506085114
CUSIP
QZ9785200
Bond Currency
USD
Total Issue Size
425,000,000
Outstanding Issue Size
194,661,000
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)
***/ CCC+
Shariah Compliant
No
Exchange Listed
SGX
The Issuer may redeem all or any portion of the Notes at any time on and from October 31, 2021, at once or over time, upon giving of notice as provided in Condition 7.7 (which notice shall be irrevocable). The Notes may be redeemed at the redemption prices set forth below plus accrued and unpaid interest to (but excluding) the date fixed for redemption (subject to the right of the Noteholders of record on the relevant Record Date to receive interest due on the relevant Interest Payment Date.) The following redemption prices are for Notes redeemed during the 12-month period commencing on October 31 of each of the years set forth below, and are expressed as percentages of the principal amount:
| Period | Redemption Price |
|---|---|
| 2021 | 103.375% |
| 2022 | 102.250% |
| 2023 | 101.125% |
| 2024 and thereafter | 100% |
"Applicable Premium" means with respect to a Note at any redemption date, the greater of (i) 1.00% of the principal amount of such Note and (ii) the excess of (A) the present value at such redemption date of (1) the redemption price of such Note on October 31, 2021 (such redemption price being described in Condition 7.3 "Optional Redemption" exclusive of any accrued interest) plus (2) all required remaining scheduled interest payments due on such Note through October 31, 2021, (but excluding accrued and unpaid interest to the redemption date), computed using a discount rate equal to the Adjusted Treasury Rate plus 50 basis points , over (B) the principal amount of such Note.
"Change of Control" means the occurrence of one or more of the following events:
(a) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries, taken as a whole, to any "person" (within the meaning of Section 13(d) and 14(d) of the Exchange Act);
(b) the Company consolidates with, or merges with or into, any Person, or any Person consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or such other Person is converted into or exchanged for cash, securities or other property, other than any such transaction where the Voting Stock of the Company outstanding immediately prior to such transaction is converted into or exchanged for (or continues as) Voting Stock (other than Disqualified Stock) of the surviving or transferee Person constituting a majority of the outstanding shares of Voting Stock of such surviving or transferee Person (immediately after giving effect to such issuance) and in substantially the same proportion as before the transaction;
(c) any person is the beneficial owner of more than 30.0% of the total voting power of the Voting Stock of the Company;
(d) individuals who on the Issue Date constituted the Board of Directors (together with any new directors whose election by the Board of Directors was approved by a vote of at least 66% of the members of the Board of Directors then in office who were members of the Board of Directors on the Issue Date or whose election was previously so approved) cease for any reason to constitute a majority of the members of the Board of Directors then in office; or
(e) the adoption of a plan relating to the liquidation or dissolution of the Company. "Change of Control Triggering Event" means the occurrence of both a Change of Control and a Rating Decline.
