CAPG 6.350% 11Jan2020 Corp (USD)

Bond Factsheet

Matured/ Called

China Aoyuan Group Limited

Indicative

Full Lot

Bid Price

100.025

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.255

Change in Ask Price

remove 0.002

Ask Yield (%)

Change in Ask Yield

Indicative price as of 10 Jan 2020, 12:00am

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Bond Information

China Aoyuan Group Limited operates as a property development company. The Company develops retails shops and integrated residential projects. China Aoyuan Group conducts businesses domestically and internationally.

Bond Issuer

China Aoyuan Group Limited

Guarantor

Subsidiaries

Announcement Date

04 Jan 2017

Issue Date

11 Jan 2017

Maturity Date

11 Jan 2020

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

6.350

Coupon Type

Fixed

Annual Coupon Rate

6.350

Coupon Frequency

Semi Annually

Seniority

First Lien

Reference Rate

ISIN

XS1543555533

CUSIP

AM0187345

Bond Currency

USD

Total Issue Size

Outstanding Issue Size

425,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Real Estate Management and Development

Issuer Credit Rating (S&P/ Fitch)

***/ BB-

Bond Credit Rating (S&P/ Fitch)

***/ BB-

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Make Whole Call

At any time prior to January 11, 2020, the Company will be entitled at its option to redeem the Notes in whole but not in part, at a redemption price equal to 100% of the principal amount of the Notes being redeemed plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including), the redemption date. Notice of such redemption must be mailed by first-class mail (at the expense of the Company) to each Holder's registered address, not less than 30 nor more than 60 days prior to the redemption date.

"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 (x) the principal amount of the Notes at the maturity date of the Notes, plus (y) all required remaining scheduled interest payments due on such Note through the maturity date of the Notes (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. The Applicable Premium shall be calculated by the Company and notified in writing to the Trustee and the Paying Agent.

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 January 11, 2020, 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 106.35% of the principal amount of the Notes being 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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