HRINTH 4.500% Perpetual corp (USD)

Bond Factsheet

Matured/ Called

Huarong Finance 2017 Co., Ltd. (Keepwell: China Huarong Asset Management Co., Ltd.)

Indicative

Full Lot

Bid Price

99.762

Change in Bid Price

0.037

Bid Yield (%)

5.039 %

Change in Bid Yield

remove 0.080

Ask Price

100.044

Change in Ask Price

0.069

Ask Yield (%)

4.425 %

Change in Ask Yield

remove 0.153

Indicative price as of 28 Jan 2022, 12:00am

chevron_leftchevron_right

Bond Information

CFAMC III Co., Ltd. operates as a special purpose entity. The Company was formed for the purpose of issuing debt securities to repay existing credit facilities, refinance indebtedness, and for acquisition purposes.

Bond Issuer

Huarong Finance 2017 Co., Ltd. (Keepwell: China Huarong Asset Management Co., Ltd.)

Guarantor

China Huarong International Holdings Ltd

Announcement Date

18 Jan 2017

Issue Date

24 Jan 2017

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.299

Modified Duration

Issue / Reoffer Price

99.118

Issue / Reoffer Yield

4.700

Coupon Type

Variable

Annual Coupon Rate

4.500

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

Reset Date = 5th Anniversary and every 5 years thereafter
Reset Rate = 5-Year US Treasury Benchmark Rate + Initial Spread (2.773%) + 5% Step-up

ISIN

XS1555076162

CUSIP

AM2096502

Bond Currency

USD

Total Issue Size

Outstanding Issue Size

1,500,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Diversified Financial Services

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ BB+

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Deferral Interest Payment

Optional Deferral: Applicable, at Issuer’s sole discretion, on a cumulative and compounding basis
Dividend Stopper: Applicable if Distributions are deferred, on Parity and Junior Securities

Issuer Call

Callable at the 5th anniversary and on any Distribution Payment Date thereafter

Coupon Step

VARIABLE COUPON COUPON STEP-UP

Reset Date = 5th Anniversary and every 5 years thereafter
Reset Rate = 5-Year US Treasury Benchmark Rate + Initial Spread (2.773%) + 5% Step-up

ADDITIONAL COUPON STEP-UP

5% step-up upon the occurrence of Change of Control Triggering Event, Breach of Covenant Event, Relevant Indebtedness Default Event and/or Dividend Stopper Breach Event

Change Control Call

CHANGE OF CONTROL

Equity Call

At any time and from time to time prior to [TBD], the Company may at its option 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

Keepwell Deed

Provided by China Huarong Asset Management Co., Ltd.

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.