TIANHL 12.000% 24Oct2023 Corp (USD)

Bond Factsheet

Trading without Accrued Interest

Scenery Journey Ltd

Indicative

Full Lot

Bid Price

0.750

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

1.750

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

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

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Bond Information

Scenery Journey Ltd operates as a real estate developer.

Bond Issuer

Scenery Journey Ltd

Guarantor

Multiple Guarantors

Announcement Date

21 Jan 2020

Issue Date

24 Jan 2020

Maturity Date

24 Oct 2023

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

12.000

Coupon Type

Fixed

Annual Coupon Rate

12.000

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

Accrued Interest

Trading without

ISIN

XS2109192109

CUSIP

ZP6047838

Bond Currency

USD

Total Issue Size

2,000,000,000

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)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

Others

Bond Feature(s)

Issuer Call

On or after October 24, 2021, the Issuer may on any one or more occasions redeem all or any part of the Notes, at the redemption prices (expressed as percentages of principal amount) set forth below, plus accrued and unpaid interest, if any, on the Notes redeemed, to (but not including) the applicable date of redemption, if redeemed during the respective period indicated below:

	Redemption Price
From and (including) October 24, 2021 to (but excluding) October 24, 2022	106.0%
From and (including) October 24, 2022 to (but excluding) July 24, 2023	103.0%

At any time from and including July 24, 2023 to but excluding October 24, 2023, the Issuer may, upon giving not less than 15 days' nor more than 30 days' notice to the Holders and the Trustee, 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 Notes redeemed plus accrued and unpaid interest, if any, to (but not including) the redemption date.

Make Whole Call

At any time prior to October 24, 2021, the Issuer may, upon giving not less than 30 days' nor more than 60 days' notice to the Holders and the Trustee, 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 Notes redeemed plus the Applicable Premium as of, and accrued and unpaid interest, if any, to (but not including), the redemption date. Neither the Trustee nor the Paying Agent shall be responsible for calculating or verifying the Applicable Premium.

''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 the redemption price of such Note at October 24, 2021 (such redemption price being set forth in the table appearing under the first paragraph under ''Optional Redemption''), plus all required remaining scheduled interest payments due on such Note through October 24, 2021 (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

Not later than 30 days following a Change of Control Triggering Event, the Issuer or the Parent 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 Evergrande or the Company with or into another Person or the merger or amalgamation of another Person with or into Evergrande or the Company, or the sale of all or substantially all the assets of Evergrande or the Company to another Person (which, for the avoidance of doubt, shall not include transactions pursuant to or contemplated under the A-Share Listing).

(2) Permitted Holders are the beneficial owners of less than 40% of the total voting power of the Voting Stock of Evergrande;

(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 Evergrande 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 Evergrande, together with any new directors whose election by the board of directors of Evergrande 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 of Evergrande then in office;

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

(6) Evergrande is the beneficial owner, directly or indirectly, of less than 40.0% of the voting power of the Voting Stock of the Company or ceases to be the largest shareholder of the Company; or

(7) the Company is the beneficial owner, directly or indirectly, of less than the entire voting power of the Voting Stock of the Parent.

''Change of Control Offer'' has the meaning set forth under the section entitled ''- Repurchase of Notes Upon a Change of Control Triggering Event.''

''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 October 24, 2021 the Issuer may, upon giving not less than 30 days' nor more than 60 days' notice to the Holders and the Trustee, 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 112.0% of the principal amount of the Notes redeemed, 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 originally issued on the Original Issue Date remains outstanding after each such redemption and any such redemption takes place within 60 days after the closing of the related Equity Offering.

Keepwell Deed

Keepwell deed by Hengda Real Estate Group Co., Ltd.

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