CHIEAS 2.800% 16Nov2020 Corp (SGD)

Bond Factsheet

Matured/ Called

Eastern Air Overseas (Hong Kong) Corporation Limited

Indicative

Full Lot

Bid Price

97.425

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

98.100

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 16 Nov 2020, 12:00am

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Bond Information

Eastern Air Overseas (Hong Kong) Co., Ltd. operates financial businesses. The Company provides guarantees, bonds, investments, and other services. Eastern Air Overseas (Hong Kong) conducts businesses in Hong Kong.

Bond Issuer

Eastern Air Overseas (Hong Kong) Corporation Limited

Guarantor

China Eastern Airlines Corp Ltd

Announcement Date

07 Nov 2017

Issue Date

16 Nov 2017

Maturity Date

16 Nov 2020

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

2.800

Coupon Type

Fixed

Annual Coupon Rate

2.800

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS1716793978

CUSIP

AP8589669

Bond Currency

SGD

Total Issue Size

Outstanding Issue Size

500,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Industrials

Bond Sub Sector

Airlines

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Change Control Put

At any time following a Relevant Event, a Bondholder will have the right, at such holder's option, to require the Issuer to redeem all, but not some only, of such holder's Bonds on the Put Date at 101 per cent. (in the case of a redemption for a Change of Control) or 100 per cent. (in the case of a redemption for a No Registration Event) of their principal amount, in each case together with accrued interest up to, but excluding the Put Date.

For the purposes of this Condition 6(c):

a "Change of Control" occurs when the SASAC ceases to directly or indirectly Control the Guarantor or the Guarantor consolidates with or merges into or sells or transfers all or substantially all of the Guarantor's assets to any other person or persons, acting together, except where such person(s) is/are Controlled by the SASAC;

"Control" means (where applicable): (i) the ownership or control of more than 50 per cent. of the Voting Rights of the issued share capital of a person or (ii) the nomination or designation of no less than 50 per cent. of the members then in office of a person's board of directors or other governing body, whether obtained directly or indirectly, and whether obtained by ownership of share capital, the possession of Voting Rights, contract or otherwise or (iii) the possession, directly or indirectly, of the power to direct or cause the direction of the management policies of a person. For the avoidance of doubt, a person is deemed to Control another person so long as it fulfils one of the three foregoing requirements;

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