GUOPRO 7.000% 21Mar2020 Corp (USD)

Bond Factsheet

Matured/ Called

Guorui Properties Ltd

Indicative

Full Lot

Bid Price

97.583

Change in Bid Price

Bid Yield (%)

867.890 %

Change in Bid Yield

430.397

Ask Price

98.825

Change in Ask Price

Ask Yield (%)

420.310 %

Change in Ask Yield

206.693

Indicative price as of 20 Mar 2020, 12:00am

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Bond Information

Glory Health Industry Ltd operates as a property developer. The Company develops residential projects and large-scale mixed-use complex projects in the PRC.

Bond Issuer

Guorui Properties Ltd

Guarantor

Subsidiaries

Announcement Date

14 Mar 2017

Issue Date

21 Mar 2017

Maturity Date

21 Mar 2020

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

7.000

Coupon Type

Fixed

Annual Coupon Rate

7.000

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS1583026080

CUSIP

AM5285847

Bond Currency

USD

Total Issue Size

Outstanding Issue Size

19,690,000

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)

***/ B-

Bond Credit Rating (S&P/ Fitch)

***/ B-

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Issuer Call

Issuer has the right to call at the end of Year 2 at Par

Make Whole Call

At any time prior to [TBD], 2017 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 redeemed 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.

"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) the principal amount of such Note at [TBD], 20[TBD], plus (y) all required remaining scheduled interest payments due on such Note through [TBD], 20[TBD] (but excluding accrued and unpaid interest to the redemption date), computed using a discount rate equal to 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 (as defined in clause (2) of the definition of "Offer to Purchase").

Equity Call

At any time and from time to time prior to [TBD], 2017, 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.

Holder Put

Investor has the right to put the bond back to the Issuer at the end of Year 2 at Par

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