CENCHI 7.250% 16Jul2024 Corp (USD)

Bond Factsheet

Trading without Accrued Interest

Central China Real Estate Limited

Indicative

Full Lot

Bid Price

0.395

Change in Bid Price

0.024

Bid Yield (%)

Change in Bid Yield

Ask Price

1.237

Change in Ask Price

0.013

Ask Yield (%)

Change in Ask Yield

Indicative price as of 02 Oct 2026, 4:33pm

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Bond Information

Central China Real Estate Group (China) Company Limited operates as a real estate developer in China. The Company develops residential buildings, commercial buildings, and other related facilities. Central China Real Estate Group (China) also offers property leasing and hotel operation services.

Bond Issuer

Central China Real Estate Limited

Guarantor

Subsidiaries

Announcement Date

09 Jan 2020

Issue Date

16 Jan 2020

Maturity Date

16 Jul 2024

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

99.060

Issue / Reoffer Yield

7.500

Coupon Type

Fixed

Annual Coupon Rate

7.250

Coupon Frequency

Semi Annually

Seniority

First Lien

Reference Rate

Accrued Interest

Trading without

ISIN

XS2102302200

CUSIP

ZP3873871

Bond Currency

USD

Total Issue Size

200,000,000

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)

***/ W.R

Bond Credit Rating (S&P/ Fitch)

***/ W.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Issuer Call

At any time and from time to time on or after January 16, 2022, the Company may at its option redeem the Notes, in whole or in part, at a redemption price equal to the percentage of the principal amount set forth below, plus accrued and unpaid interest, if any, to (but not including) the redemption date if redeemed during the six-month period indicated below.

Six-month period beginning on	Redemption Price
January 16, 2022	103.625%
July 16, 2022	103.625%
January 16, 2023	101.8125%
July 16, 2023	101.8125%
January 16, 2024	100.000%

Make Whole Call

At any time prior to January 16, 2022, the Company may at its option redeem the Notes, in whole but not in part, at a redemption price equal to 100% of the principal amount of the redeemed Notes plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including) the redemption date. The Company will give not less than 30 days' nor more than 60 days' notice of any redemption.

"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 redemption price of such Note on January 16, 2022 (such redemption price being set forth above under the caption "- Optional Redemption"), plus (y) all required remaining scheduled interest payments due on such Note through January 16, 2022 (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. For the avoidance of doubt, calculation of the Applicable Premium will be made by the Company or on behalf of the Company by such Person as the Company shall designate; provided that such calculation or the correctness thereof shall not be a duty or obligation of the Trustee or any Agents.

Change Control Put

Not later than 30 days following a Change of Control Triggering Event, the Company will make an Offer to Purchase all outstanding Notes (a "Change of Control Offer") at a purchase price equal to 101% 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:

(1) the merger, amalgamation or consolidation of the Company with or into another Person (other than one or more Permitted Holders) or the merger, amalgamation or consolidation of another Person (other than one or more Permitted Holders) with or into the Company, or the sale of all or substantially all the assets of the Company to another Person (other than one or more Permitted Holders);

(2) the Permitted Holders are the beneficial owners of less than 30% 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 of the Company, together with any new directors whose election to the board of directors was approved by a vote of at least two-thirds of the directors then still in office who were either directors on the Original Issue Date or whose election was previously so approved, cease for any reason to constitute a majority of the board of directors of the Company then in office; or

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

"Change of Control Triggering Event" means the occurrence of both a Change of Control and, provided that the Notes are rated by at least one Rating Agency, a Rating Decline.

Equity Call

At any time and from time to time prior to January 16, 2022, the Company may redeem up to 35% of the aggregate principal amount of the Notes with the net cash proceeds of one or more sales of common stock of the Company in an equity offering at a redemption price of 107.25% of the principal amount of the Notes, plus accrued and unpaid interest, if any, to (but not including) the redemption date.

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