REDSUN 7.300% 13Jan2025 Corp (USD)

Bond Factsheet

Trading without Accrued Interest

Redsun Properties Group Limited

Indicative

Full Lot

Bid Price

0.653

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

1.597

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

Redsun Properties Group Limited operates in real estate. It focuses on development of residential properties and the development, operation and management of commercial and comprehensive properties. The company also operates commercial complexes covering shopping malls, amusement parks and community centers, hotels and office buildings.

Bond Issuer

Redsun Properties Group Limited

Guarantor

Subsidiaries

Announcement Date

06 Jan 2021

Issue Date

13 Jan 2021

Maturity Date

13 Jan 2025

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

99.320

Issue / Reoffer Yield

7.500

Coupon Type

Fixed

Annual Coupon Rate

7.300

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

Accrued Interest

Trading without

ISIN

XS2244315110

CUSIP

BN3594304

Bond Currency

USD

Total Issue Size

350,000,000

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

HKEX

Bond Feature(s)

Issuer Call

At any time and from time to time on or after January 13, 2023, the Issuer may redeem the Notes, in whole or in part, at the redemption prices set forth below, plus accrued and unpaid interest, if any, on the Notes redeemed to (but not including) the redemption date if redeemed during the twelve-month period beginning on January 13 of the year indicated below:

Period	Redemption Price
2023	103%
2024	101.5%

Make Whole Call

At any time and from time to time prior to January 13, 2023, the Issuer 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 Notes 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 is 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 (x) the redemption price of such Note on January 13, 2023 (such redemption price being set forth under the caption ''- Optional Redemption''), plus (y) all required remaining scheduled interest payments due on such Note through January 13, 2023 (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 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 Issuer with or into another Person (other than one or more Permitted Holders) or the merger or amalgamation of another Person (other than one or more Permitted Holders) with or into the Issuer, or the sale of all or substantially all the assets of the Issuer to another Person (other than one or more Permitted Holders);

(2) the Permitted Holders collectively are the beneficial owners of less than 60% of the total voting power of the Voting Stock of the Issuer;

(3) individuals who on the Original Issue Date constituted the Board of Directors, together with any new directors whose election 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 then in office; or

(4) the adoption of a plan relating to the liquidation or dissolution of the Issuer.

''Change of Control Triggering Event'' means the occurrence of both a Change of Control and, provided that the Issuer is rated by at least one Rating Agency, a Rating Decline.

Cessation Put

Not later than 30 days following a Delisting Event, the Issuer will make a Delisting Offer to Purchase all outstanding Notes (a ''Delisting Offer'') at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaid interest, if any, to (but excluding) the Delisting Put Date (subject to the right of Holders of record on the applicable Record Date to receive interest due on the relevant Interest Payment Date falling on or prior to the Delisting Put Date).

''Delisting Event'' means the Common Stock of the Issuer has ceased to be listed or admitted to trading, or has been suspended from trading for a period equal to or exceeding 120 consecutive Trading Days, on The Stock Exchange of Hong Kong Limited.

Equity Call

At any time and from time to time prior to January 13, 2023, the Issuer may at its option redeem up to 35% of the aggregate principal amount of the Notes with the Net Cash Proceeds of one or more sales of the Common Stock of the Issuer in an Equity Offering at a redemption price of 107.3% 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 (including any Additional Notes) originally issued 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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