LOGPH 5.750% 03Jan2022 Corp (USD)

Bond Factsheet

Matured/ Called

Logan Group Company Limited

Indicative

Full Lot

Bid Price

99.388

Change in Bid Price

0.020

Bid Yield (%)

Change in Bid Yield

Ask Price

99.873

Change in Ask Price

0.006

Ask Yield (%)

Change in Ask Yield

Indicative price as of 03 Jan 2022, 12:00am

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Bond Information

Logan Group Co Limited is a real estate development company and an integrated urban service provider. The Company adopts a four-pronged approach featuring residential development, urban redevelopment, commercial operation and industrial operation, forming an urban service ecosystem to boost urban development.

Bond Issuer

Logan Group Company Limited

Guarantor

Subsidiaries

Announcement Date

22 Dec 2016

Issue Date

03 Jan 2017

Maturity Date

03 Jan 2022

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.750

Coupon Type

Fixed

Annual Coupon Rate

5.750

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS1541978851

CUSIP

AL9070064

Bond Currency

USD

Total Issue Size

Outstanding Issue Size

61,789,000

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)

***/ BB

Bond Credit Rating (S&P/ Fitch)

***/ BB

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Issuer Call

Callable on 03 Jan 2020 at 102.875

Callable on 03 Jan 2021 at 101.4375

Make Whole Call

At any time prior to [TBD], 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. The Company will give not less than 30 days' nor more than 60 days' notice of any redemption. Neither the Trustee nor the Paying Agent is responsible for calculating or verifying the Applicable Premium.

"Applicable Premium" means with respect to any Note 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 (x) 100% of the principal amount of such Note on [TBD], plus (y) all required remaining scheduled interest payments due on such Note through [TBD] (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.

Equity Call

At any time and from time to time prior to [TBD], 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 [TBD]% 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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