CFAMCI 3.800% 07Nov2025 Corp (SGD)

Bond Factsheet

Matured/ Called

CFAMC III Co., Ltd. (Keepwell: China CITIC Financial Asset Management Co., Ltd.)

Indicative

Full Lot

Bid Price

99.950

Change in Bid Price

0.200

Bid Yield (%)

Change in Bid Yield

Ask Price

100.050

Change in Ask Price

0.050

Ask Yield (%)

Change in Ask Yield

Indicative price as of 07 Nov 2025, 12:00am

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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

CFAMC III Co., Ltd. (Keepwell: China CITIC Financial Asset Management Co., Ltd.)

Guarantor

China CITIC Financial AMC International Holdings Limited

Announcement Date

31 Oct 2017

Issue Date

07 Nov 2017

Maturity Date

07 Nov 2025

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

3.800

Coupon Type

Fixed

Annual Coupon Rate

3.800

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS1713316252

CUSIP

AP7426699

Bond Currency

SGD

Total Issue Size

400,000,000

Outstanding Issue Size

368,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Diversified Financial Services

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ BBB

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Change Control Put

At 101%, At any time following the occurrence of a Change of Control Triggering Event, each Noteholder will have the right, at such Noteholder's option, to require the Issuer to redeem all but not some only of that Noteholder's Notes on the Change of Control Put Date at the relevant Early Redemption Amount (Change of Control), together with accrued interest up to, but excluding the Change of Control Put Date.

"Change of Control" means the occurrence, at any time, of any of the following:

(a) the Company ceasing to own and control, directly or indirectly, at least 50.1 per cent. of the Voting Shares of the Guarantor; or
(b) the Guarantor ceasing to own and control directly 100 per cent. of the Voting Shares of the Issuer; or
(c) the government of the PRC or Persons controlled by the government of the PRC ceasing to Control the Company;

"Change of Control Triggering Event" means a Change of Control, provided, however, that, in the event that the Notes are, on the Rating Date, rated Investment Grade by two or more Rating Agencies, a Change of Control Triggering Event shall mean the occurrence of both a Change of Control and a Rating Decline. No Change of Control Triggering Event will be deemed to have occurred in connection with any particular Change of Control unless and until such Change of Control has actually been consummated;

"Control" means directly or indirectly (a) owning and controlling at least 50.1 per cent. of the Voting Shares of the Company; or (b) nominating or appointing a majority of the members of the Company's board of directors or other equivalent or successor governing body; or (c) possessing the ability or power to direct the management policies of the Company;

Additional Note

Notice Dated 23 December 2024:

(i) the Issuer’s name has been changed from Huarong Finance 2017 Co., Ltd. to CFAMC III Co., Ltd. with effect from 18 November 2024;

(ii) the Guarantor’s name has been changed from China Huarong International Holdings Limited to China CITIC Financial AMC International Holdings Limited with effect from 7 June 2024; and

(iii) the Company’s name has been changed from China Huarong Asset Management Co., Ltd. to China CITIC Financial Asset Management Co., Ltd. with effect from 25 January 2024.

Keepwell Deed

Keepwell deed provided by China CITIC Financial Asset Management Co., Ltd.

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