CSIPRO 5.450% 21Jul2025 Corp (USD)

Bond Factsheet

Matured/ Called

Estate Sky Limited

Indicative

Full Lot

Bid Price

99.325

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

99.975

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 21 Jul 2025, 12:00am

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Bond Information

Estate Sky Limited owns and operates as a real estate company.

Bond Issuer

Estate Sky Limited

Guarantor

CSI Properties Limited

Announcement Date

15 Jul 2021

Issue Date

21 Jul 2021

Maturity Date

21 Jul 2025

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

5.450

Coupon Type

Fixed

Annual Coupon Rate

5.450

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS2360202829

CUSIP

BQ5555694

Bond Currency

USD

Total Issue Size

300,000,000

Outstanding Issue Size

146,132,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

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

The Notes may be redeemed at the option of the Issuer, on giving not less than 30 days' nor more than 60 days' notice to the Noteholders, the Registrar and the Fiscal Agent (each an Optional Redemption Notice) (which shall be irrevocable), in whole or in part, at any time on or after 21 July 2024, at 101 per cent. of the principal amount of the Notes to be redeemed, together with accrued and unpaid interest to such date fixed for redemption specified in the Optional Redemption Notice.

Change Control Put

At any time following the occurrence of a Change of Control, the Holder of any Note will have the right, at such Holder's option, to require the Issuer to redeem all but not some only of that Holder's Notes on the Change of Control Put Date at 101 per cent. of their principal amount, together with accrued interest to, but excluding the Change of Control Put Date.

a Change of Control occurs when either:

(i) the Controlling Shareholder:

(A) ceases to hold, directly or indirectly, at least 30 per cent. of the voting rights of the issued share capital of the Guarantor (except for the 14 calendar day period immediately following any temporary disposal of shares of the Guarantor by the Controlling Shareholder in connection with a private placement of the existing shares of the Guarantor where there is a top-up placing by way of an issue of new shares of the Guarantor to the Controlling Shareholder within 14 calendar days from the date of the relevant placing agreement and the amount of such new shares of the Guarantor to be issued is equal to the amount of shares of the Guarantor disposed by the Controlling Shareholder and no net disposal proceeds are received by the Controlling Shareholder after such top-up placing); or

(B) ceases to be the largest single shareholder of the Guarantor; or

(ii) the Guarantor consolidates with or merges into or sells or transfers all or substantially all of its assets to any other Person other than the Controlling Shareholder, unless the consolidation, merger, sale or transfer will result in the Controlling Shareholder:

(A) holding, directly or indirectly, at least 30 per cent. of the voting rights of the issued share capital of the Guarantor (in the case of a consolidation or merger) or the successor entity (in the case of a sale or transfer); and

(B) being the largest single shareholder of the Guarantor (in the case of a consolidation or merger) or the successor entity (in the case of a sale or transfer.)

Controlling Shareholder means the aggregate shareholdings of Mr. Chung Cho Yee, Mico ("Mr. Chung") and:

(i) any heir, estate, lineal descendent (or spouse thereof), spouse or parent of Mr. Chung and/or any of their associated companies (as defined in the Listing Rules of The Stock Exchange of Hong Kong Limited); or

(ii) any trust, corporation, partnership or other entity, of which the direct or indirect beneficiaries, equity holders, partners, owners or Persons are, or are controlled by, Mr. Chung and/or such other Persons referred to in paragraph (i) above.

a Person, as used in this Condition 5(c) (Redemption for Change of Control), includes any individual, company, corporation, firm, partnership, joint venture, undertaking, association, organisation, trust, state or agency of a state (in each case whether or not being a separate legal entity).

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