CHNAAR 4.850% 23Dec2024 Corp (USD)

Bond Factsheet

Matured/ Called

CALC Bonds Limited

Indicative

Full Lot

Bid Price

99.875

Change in Bid Price

Bid Yield (%)

Change in Bid Yield

Ask Price

100.125

Change in Ask Price

Ask Yield (%)

Change in Ask Yield

Indicative price as of 23 Dec 2024, 12:00am

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Bond Information

CALC Bonds Ltd operates as a special purpose entity and an aircraft lessor. The Company provides aircraft leasing, fleet planning consultation, structured financing, replacement package deal, third party resale, and disassembly solutions. CALC Bonds serves aviation industries worldwide.

Bond Issuer

CALC Bonds Limited

Guarantor

China Aircraft Leasing Group Holdings Limited

Announcement Date

16 Dec 2021

Issue Date

23 Dec 2021

Maturity Date

23 Dec 2024

Years to Maturity / Next Call

- / -

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

4.850

Coupon Type

Fixed

Annual Coupon Rate

4.850

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS2396615481

CUSIP

BT0708771

Bond Currency

USD

Total Issue Size

100,000,000

Outstanding Issue Size

91,400,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

High Yield Corporate

Bond Sector

Financials

Bond Sub Sector

Diversified Financial Services

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ BB+

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

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 Settlement Date at a redemption price equal to 101 per cent. of their principal amount, together with accrued interest up to but excluding such Change of Control Put Settlement Date.

a ‘‘Change of Control’’ occurs when:

(i) China Everbright Limited and any of its Affiliates collectively cease to be the single largest shareholder of the Guarantor; or

(ii) the Guarantor ceases to directly or indirectly hold or own 100 per cent. of the issued share capital of the Issuer;

‘‘Control’’ means (where applicable): (i) the ownership, acquisition or control of more than 50 per cent. of the voting rights of the issued share capital of a person or (ii) the right to appoint and/or remove all or the majority of the members of a person’s board of directors or other governing body, whether obtained directly or indirectly, and whether obtained by ownership of share capital, the possession of voting rights, contract or otherwise, and the terms ‘‘Controlling’’ and ‘‘Controlled’’ have meanings correlative to the foregoing; and

a ‘‘person’’ means any individual, company, corporation, firm, partnership, joint venture, undertaking, association, organisation, trust, state, agency of a state (in each case whether or not being a separate legal entity).

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