SHUION 5.500% 29Jun2026 Corp (USD)

Bond Factsheet

Matured/ Called

Shui On Development (Holding) Limited

Indicative

Full Lot

Bid Price

99.907

Change in Bid Price

0.195

Bid Yield (%)

Change in Bid Yield

Ask Price

100.098

Change in Ask Price

remove 0.036

Ask Yield (%)

Change in Ask Yield

Indicative price as of 29 Jun 2026, 12:00am

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Bond Information

Shui On Development (Holding) Limited provides real estate services. The Company offers property investment, management, and development services. Shui On Development (Holding) serves customers in China.

Bond Issuer

Shui On Development (Holding) Limited

Guarantor

Shui On Land Ltd

Announcement Date

24 Jun 2021

Issue Date

29 Jun 2021

Maturity Date

29 Jun 2026

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.500

Coupon Type

Fixed

Annual Coupon Rate

5.500

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS2358225477

CUSIP

BQ2346519

Bond Currency

USD

Total Issue Size

400,000,000

Outstanding Issue Size

104,782,000

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

SGX

Bond Feature(s)

Issuer Call

At any time and from time to time on or after June 29, 2025 but prior to March 29, 2026, the Issuer may at its option redeem the Notes, in whole or in part, at a redemption price equal to 101.375% plus accrued and unpaid interest, if any, to (but not including) the redemption date, provided that the Parent Guarantor shall have either (i) delivered a Satisfaction Notification or (ii) notified the Trustee and the Noteholders in writing that the Sustainability Performance Target has not been satisfied together with an Officers’ Certificate describing the nature and amount of the Green Electricity Certificates or Carbon Credit / Offset Certificates that will be or has been purchased by the Parent Guarantor prior to the applicable Interest Payment Date or the redemption date, as the case may be.

At any time after March 29, 2026, 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 redeemed and accrued and unpaid interest, if any, to (but not including) the redemption date.

Make Whole Call

At any time prior to June 29, 2025, 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 redeemed 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 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 at June 29, 2025 (such redemption price being set forth in the table appearing above under the caption “— Optional Redemption”), plus (y) all required remaining scheduled interest payments due on such Note through June 29, 2025 (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, the Issuer or the Parent Guarantor 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 Parent Guarantor or the Issuer with or into another Person or the merger or amalgamation of another Person with or into the Parent Guarantor or the Issuer, or the sale of all or substantially all the assets of the Parent Guarantor or the Issuer to another Person;

(2) the Permitted Holders are the beneficial owners of less than 35.0% of the total voting power of the Voting Stock of the Parent Guarantor or the Issuer;

(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 Issuer or the Parent Guarantor 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 Parent Guarantor or the Issuer, as the case may be, together with any new directors whose election by 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 or whose election was previously so approved, cease for any reason to constitute a majority of the board of directors of the Parent Guarantor or the Issuer, as the case may be, then in office; or

(5) the adoption of a plan relating to the liquidation or dissolution of the Parent Guarantor or the Issuer.

Equity Call

At any time and from time to time prior to June 29, 2025, the Issuer 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 Parent Guarantor in an Equity Offering at a redemption price of 105.50% 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 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.

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