Bond Factsheet
EVERRE 6.250% 28Jun2021 Corp (USD)
China Evergrande Group
Indicative
Full Lot
Bid Price 99.446
Change in Bid Price 0.003
Bid Yield (%) -
Change in Bid Yield
-
Ask Price 99.818
Change in Ask Price 0.002
Ask Yield (%) -
Change in Ask Yield
-
Indicative price as of 28 Jun 2021, 12:00am
Bond Issuer
China Evergrande Group
Guarantor
Subsidiaries
Announcement Date
21 Jun 2017
Issue Date
28 Jun 2017
Maturity Date
28 Jun 2021
Years to Maturity / Next Call
- / -
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
6.250
Coupon Type
Fixed
Annual Coupon Rate
6.250
Coupon Frequency
Semi Annually
Seniority
Secured
Reference Rate
-
ISIN
XS1627599142
CUSIP
AO0635497
Bond Currency
USD
Total Issue Size
-
Outstanding Issue Size
1,473,181,000
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
No
Exchange Listed
SGX
Make Whole Call
''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 the maturity of the Note, plus (y) all required remaining scheduled interest payments due on such Note through the maturity date of the Note (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.
Change Control Put
''Change of Control'' means the occurrence of one or more of the following events:
(1) the merger, amalgamation or consolidation of the Company with or into another Person or the merger or amalgamation of another Person with or into the Company, or the sale of all or substantially all the assets of the Company to another Person;
(2) Permitted Holders are the beneficial owners of less than 40% of the total voting power of the Voting Stock of the Company;
(3) any ''person'' or ''group'' (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the ''beneficial owner'' (as such term is used in Rule 13d-3 of the Exchange Act), directly or indirectly, of total voting power of the Voting Stock of the Company greater than such total voting power held beneficially by the Permitted Holders;
(4) individuals who on the Original Issue Date constituted the Board of Directors, together with any new directors whose election by the Board of Directors was approved by a vote of at least a majority of the directors present at the meeting voting on such election who were either directors or whose election was previously so approved, cease for any reason to constitute a majority of the Board of Directors then in office; or
(5) the adoption of a plan relating to the liquidation or dissolution of the Company.
Equity Call
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