CKINF 4.000% Perpetual Corp (USD)

Bond Factsheet

Cheung Kong Infrastructure Finance (BVI) Limited

Indicative

Full Lot

Bid Price

61.602

Change in Bid Price

remove 0.001

Bid Yield (%)

6.493 %

Change in Bid Yield

Ask Price

62.079

Change in Ask Price

remove 0.115

Ask Yield (%)

6.443 %

Change in Ask Yield

0.012

Indicative price as of 03 Nov 2026, 4:15pm

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Bond Information

Bond Issuer

Cheung Kong Infrastructure Finance (BVI) Limited

Guarantor

CK Infrastructure Holdings Limited

Announcement Date

22 Jul 2021

Issue Date

29 Jul 2021

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.080

Modified Duration

0.016 @ 03 Nov 2026

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.000

Coupon Type

Fixed

Annual Coupon Rate

4.000

Coupon Frequency

Semi Annually

Seniority

Subordinated

Reference Rate

ISIN

XS2365668891

CUSIP

BQ6649009

Bond Currency

USD

Total Issue Size

300,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Diversified Financial Services

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Deferral Interest Payment

Cumulative Deferral

Any Distribution deferred pursuant to this Condition 4(c) shall constitute "Arrears of Distribution". The Issuer may, at its sole discretion, elect to further defer any Arrears of Distribution by complying with the foregoing notice requirement applicable to any deferral of an accrued Distribution. The Issuer is not subject to any limit as to the number of times Distributions and Arrears of Distribution can or shall be deferred pursuant to this Condition 4(c) except that Condition 4(c)(v) shall be complied with until all outstanding Arrears of Distribution have been paid in full.

Each amount of Arrears of Distribution shall bear interest as if it constituted the principal of the Securities at the Distribution Rate and the amount of such interest (the "Additional Distribution Amount") with respect to Arrears of Distribution shall be due and payable pursuant to this Condition 4 and shall be calculated by applying the Distribution Rate to the amount of the Arrears of Distribution and otherwise mutatis mutandis as provided in the foregoing provisions of this Condition 4. The Additional Distribution Amount accrued up to any Distribution Payment Date shall be added for the purpose of calculating the Additional Distribution Amount accruing thereafter, to the amount of Arrears of Distribution remaining unpaid on such Distribution Payment Date so that it will itself become Arrears of Distribution.

Dividend Stopper

If on any Distribution Payment Date, payment of all Distribution payments scheduled to be made on such date is not made in full by reason of this Condition 4(c), the Issuer and the Guarantor shall not:

(A) declare or pay any discretionary dividends, distributions or make any other discretionary payment on, and will procure that no discretionary dividend, distribution or other discretionary payment is made on any of its Junior Securities or (except on a pro rata basis) its Parity Securities, provided that such restriction shall not apply to payments declared, paid or made in respect of an employee benefit plan or similar arrangement with or for the benefit of employees, officers, directors or consultants; or

(B) redeem, reduce, cancel, buy-back or acquire for any consideration any of its Junior Securities or its Parity Securities on a discretionary basis, provided that such restriction shall not apply to an exchange of any Parity Securities in whole for Junior Securities or a repurchase or other acquisition of any securities in respect of an employee benefit plan or similar arrangement with or for the benefit of employees, officers, directors or consultants,

unless and until (i) the Issuer or the Guarantor has satisfied in full all outstanding Arrears of Distribution; or (ii) the Issuer and the Guarantor have been permitted to do so by an Extraordinary Resolution (as defined in the Agency Agreement) of the Holders.

3-month look-back dividend pusher

Issuer Call

The Securities may be redeemed at the option of the Issuer in whole or in part, on the Distribution Payment Date falling in July 2026 or on any day thereafter (each, a "Call Settlement Date") on the Issuer giving not less than 30 nor more than 60 days’ notice to the Holders (which notice shall be irrevocable and shall oblige the Issuer to redeem the Securities on the relevant Call Settlement Date at their prevailing principal amount plus Distribution accrued to such date (including any Arrears of Distribution and any Additional Distribution Amount)), provided that, in the case of a partial redemption of Securities, the aggregate principal amount of the Securities outstanding is no less than U.S.$200,000,000.

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Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

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