Bond Factsheet
LLCAU 3.900% 27Apr2027 Corp (SGD)
Lendlease Finance Ltd
Indicative
Full Lot
Bid Price 100.364
Change in Bid Price 0.009
Bid Yield (%) 3.231 %
Change in Bid Yield 0.013
Ask Price 100.733
Change in Ask Price 0.007
Ask Yield (%) 2.562 %
Change in Ask Yield 0.019
Indicative price as of 02 Oct 2026, 4:33pm
Bond Issuer
Lendlease Finance Ltd
Guarantor
Multiple Guarantors
Announcement Date
18 Apr 2017
Issue Date
27 Apr 2017
Maturity Date
27 Apr 2027
Years to Maturity / Next Call
0.557 / -
Modified Duration
0.540 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.900
Coupon Type
Fixed
Annual Coupon Rate
3.900
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
XS1602127992
CUSIP
AN2610409
Bond Currency
SGD
Total Issue Size
300,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Management and Development
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ BBB-
Shariah Compliant
No
Exchange Listed
SGX
Make Whole Call
Except as specified in paragraph 1 of this Appendix 1, the Optional Redemption Amount on any Optional Redemption Date will be the greater of, together with interest accrued up to (but excluding) the Optional Redemption Date:
(a) the principal amount of the Notes; and
(b) an amount equal to the sum of:
(i) the present value of the principal amount of the Notes discounted from the Maturity Date; and
(ii) the present value of the remaining scheduled interest with respect to the Notes to and including the Maturity Date,
the expression "present value" in (i) and (ii) above to be calculated by the Calculation Agent by discounting the relevant amounts to the date of redemption of the Notes at the rate equal to the sum of (1) the closing Singapore dollar swap offer rate appearing on (in the case of Singapore dollar swap offer rates corresponding to durations of less than one year) Reuters Screen ABSIRFIX01 Page under the caption "SGD SOR rates as of 11:00hrs London Time" under the column headed "SGD SOR" (or its replacement page) and (in the case of Singapore dollar swap offer rates corresponding to durations of one year and above) Reuters Screen PYSGD1 Page at 18:00 hrs Singapore time under the left hand side of the column headed "TULLET PREBON ASIA - SEMI/ACT 365 - SGD/SGD" (or its replacement page) corresponding to the duration of the remaining period to the Maturity Date of the Notes expressed on a semi-annual compounding basis (rounded up, if necessary, to four decimal places) on the eighth business day prior to the date of redemption of the Notes, provided that if there is no rate corresponding to the relevant period, the swap offer rate used will be the interpolated interest rate as calculated using the swap offer rates for the two periods most closely approximating the duration of the remaining period to the Maturity Date and (2) 0.50 per cent.
Change Control Put
"Change of Control Redemption Amount" means an amount equal to 100 per cent. (or such other amount specified in the relevant Pricing Supplement) of the principal amount of the Notes redeemed plus accrued and unpaid interest, if any, to and including the Change of Control Redemption Date;
a "Change of Control Put Event" will be deemed to occur if: (1) an offer to acquire voting shares of LLC stapled to a unit in the Lendlease Trust ("Stapled Securities"), whether expressed as a legal offer, an invitation to treat, a scheme with regard to such acquisition or in any other way, is made in circumstances where such offer is available to all holders of Stapled Securities ("Stapled Security Holders") or all holders of Stapled Securities other than any holder of Stapled Securities who is the person making such offer (or any associate of such person acting in concert with such person) or who is excluded from the offer by reason of being connected with one or more specific jurisdictions, and, such offer having become or been declared unconditional in all respects, LLC becomes aware that the right to cast, or to control the casting by any such associate or by any other person of, more than 50 per cent. of the votes which may ordinarily be cast on a poll at a general meeting of holders of Stapled Securities has become unconditionally vested in the offeror (the "Relevant Person") (such event being a "Change of Control") provided that a Change of Control shall be deemed not to have occurred if all or substantially all of the shareholders of the Relevant Person are, or immediately prior to the event which would otherwise have constituted a Change of Control were, the Stapled Security Holders with the same or substantially the same pro rata interests in the voting shares of the Relevant Person as such Stapled Security Holders have, or as the case may be, had, in the Stapled Securities. For the purposes of this paragraph 7.5.5(A)(1) only, "Stapled Security Holder" will be deemed to mean any Stapled Security Holder who holds voting Stapled Securities; and (2) following such Change of Control (as defined in paragraph 7.5.5(A)(1) above)
During the period of 90 days following a Change of Control Redemption Date immediately following which 80 per cent. or more of the Notes have been redeemed, the Optional Redemption Amount will be the Final Redemption Amount, plus accrued but unpaid interest up to (but excluding) the Optional Redemption Date.
Final Redemption Amount: S$250,000 per Calculation Amount
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