LPKRIJ 8.125% 22Jan2025 Corp (USD)

Bond Factsheet

Matured/ Called

Theta Capital Pte. Ltd.

Indicative

Full Lot

Bid Price

100.017

Change in Bid Price

remove 0.013

Bid Yield (%)

Change in Bid Yield

Ask Price

100.855

Change in Ask Price

0.026

Ask Yield (%)

Change in Ask Yield

Indicative price as of 22 Jan 2025, 12:00am

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Bond Information

Theta Capital Pte. Ltd. operates as a real estate owner and developer.

Bond Issuer

Theta Capital Pte. Ltd.

Guarantor

Parent & Subsidiaries

Announcement Date

14 Jan 2020

Issue Date

22 Jan 2020

Maturity Date

22 Jan 2025

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

8.125

Coupon Type

Fixed

Annual Coupon Rate

8.125

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS2099273737

CUSIP

ZP4820319

Bond Currency

USD

Total Issue Size

420,000,000

Outstanding Issue Size

66,532,000

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)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ B-

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Issuer Call

At any time on or after January 22, 2023, the Issuer may redeem the Notes, in whole or in part, at a redemption price (expressed as a percentage of principal amount) set forth below, plus accrued and unpaid interest, if any, to (but not including) the redemption date, if redeemed during the 12-month period commencing on January 22 of any year set forth below:

Period	Redemption Price
2023	104.063%
2024 and thereafter	102.031%

Make Whole Call

At any time and from time to time prior to January 22, 2023, the Issuer may at its option redeem the Notes, in whole or in part, at a redemption price equal to 100% of the principal amount of the Notes plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including) the redemption date.

“Applicable Premium” means with respect to a Note at any redemption date, the greater of (i) 1.00% of the principal amount of such Note and (ii) the excess of (A) the present value at such redemption date of (1) the redemption price of such Note on January 22, 2023 (such redemption price being described in the “— Optional Redemption” section exclusive of any accrued interest) plus (2) all required remaining scheduled interest payments due on such Note through January 22, 2023, (but excluding accrued and unpaid interest to the redemption date), computed using a discount rate equal to the Adjusted Treasury Rate plus 50 basis points, over (B) the principal amount of such Note

Change Control Put

No later than 30 days following a Change of Control Triggering Event, the Issuer will make an Offer to Purchase all outstanding Notes (a “Change of Control Offer”) at a purchase price equal to 101.0% of the principal amount thereof plus accrued and unpaid interest, if any, to (but not including) the Offer to Purchase Payment Date.

“Change of Control” means the occurrence of one or more of the following events:

(a) the direct or indirect sale, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or assets of the Company and its Restricted Subsidiaries, taken as a whole, to any “person” (within the meaning of Section 13(d) and 14(d) of the Exchange Act), other than to one or more Permitted Holders;

(b) the Company consolidates with, or merges with or into, any Person (other than one or more Permitted Holders), or any Person (other than one or more Permitted Holders) consolidates with, or merges with or into, the Company, in any such event pursuant to a transaction in which any of the outstanding Voting Stock of the Company or such other Person is converted into or exchanged for cash, securities or other property, other than any such transaction where the Voting Stock of the Company outstanding immediately prior to such transaction is converted into or exchanged for (or continues as) Voting Stock (other than Disqualified Stock) of the surviving or transferee Person constituting a majority of the outstanding shares of Voting Stock of such surviving or transferee Person (immediately after giving effect to such issuance) and in substantially the same proportion as before the transaction;

(c) (i) the Permitted Holders are the Beneficial Owners of less than 30.0% of the total voting power of the Voting Stock of the Company, or (ii) any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), other than the Permitted Holders, becomes the Beneficial Owner, directly or indirectly, of a larger percentage of the voting power of such Voting Stock of the Company than the Permitted Holders;

(d) individuals who on the 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 members of the Board of Directors then in office who were members of the Board of Directors on the Issue Date or whose election was previously so approved) cease for any reason to constitute a majority of the members of the Board of Directors then in office; or

(e) the adoption of a plan relating to the liquidation or dissolution of the Company.

Equity Call

At any time prior to January 22, 2023, the Issuer may redeem up to 35% of the aggregate principal amount of the Notes with the Net Cash Proceeds of one or more Equity Offerings at a redemption price of 108.125% of the principal amount of the Notes, 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 issued on the Issue Date (excluding Notes held by the Company and its Affiliates) remains outstanding after each such redemption and any such redemption takes place within 60 days after the closing of the related Equity Offering.

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