SEAHDL 4.500% 19Jan2020 Corp (USD)

Bond Factsheet

Matured/ Called

New Rose Investments Ltd

Indicative

Full Lot

Bid Price

99.969

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.125

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 17 Jan 2020, 12:00am

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Bond Information

New Rose Investments Limited operates as a special purpose entity. The Company provides corporate treasury, receivable collections, and other financial vehicles.

Bond Issuer

New Rose Investments Ltd

Guarantor

SEA Holdings Ltd

Announcement Date

12 Jan 2017

Issue Date

19 Jan 2017

Maturity Date

19 Jan 2020

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.500

Coupon Type

Fixed

Annual Coupon Rate

4.500

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS1542976003

CUSIP

AM0702663

Bond Currency

USD

Total Issue Size

Outstanding Issue Size

200,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Diversified Financial Services

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Make Whole Call

The Issuer may, having given:

(a) not less than 15 nor more than 30 days' notice to the Noteholders in accordance with Condition 14 (Notices); and
(b) notice to the Registrar and the Trustee not less than 15 days before the giving of the notice referred to in Condition 8.3(a); (which notice shall be irrevocable and shall specify the date fixed for redemption), redeem all (but not some only) of the Notes at the Make Whole Redemption Price per Note, together with interest accrued on each Note to the date fixed for redemption.

"Make Whole Redemption Price" means in respect of each Note, (a) the principal amount of such Note or, if higher (b) the amount equal to the sum of the present value of the principal amount of such Note, together with the present values of the interest payable for the relevant Interest Periods from the relevant date fixed for redemption to the Maturity Date, in each case, discounted to such redemption date on a semi-annual compounded basis (assuming a 360-day year consisting of 12 months of 30 days each and, in the case of an incomplete month, the actual number of days lapsed) at the adjusted U.S. Treasury Rate plus 0.50 per cent., all as determined by the Determination Agent;

Change Control Put

At any time following the occurrence of a Change of Control, a Noteholder will have the right, at such Noteholder's option, to require the Issuer to redeem all but not some of its Notes on the Change of Control Put Date at 100 per cent. of their principal amount, together with accrued interest to, but excluding the Change of Control Put Date.

A "Change of Control" occurs when:
(a) the Controlling Shareholder:
(i) ceases to hold, directly or indirectly, at least 50.1 per cent. of the voting rights of the issued share capital of the Guarantor (except for the 14 calendar day period immediately following any temporary disposal of shares of the Guarantor by the Controlling Shareholder in connection with a private placement of the existing shares of the Guarantor where there is a top-up placing by way of an issue of new shares of the Guarantor to the Controlling Shareholder within 14 calendar days from the date of the relevant placing agreement and the amount of such new shares of the Guarantor to be issued is equal to the amount of shares of the Guarantor disposed by the Controlling Shareholder and no net disposal proceeds are received by the Controlling Shareholder after such top-up placing); or
(ii) ceases to be the largest single shareholder of the Guarantor; or
(b) the Guarantor consolidates with or merges into or sells or transfers all or substantially all of its assets to any other Person other than the Controlling Shareholder, unless after the consolidation, merger, sale or transfer the Controlling Shareholder:
(i) holds, directly or indirectly, at least 50.1 per cent. of the voting rights of the issued share capital of the Guarantor or (in the case of a consolidation or merger where the Guarantor is not otherwise the surviving entity) the successor entity; and
(ii) is the largest single shareholder of the Guarantor or (in the case of a consolidation or merger where the Guarantor is not otherwise the surviving entity) the successor entity.

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