CTFSHK 6.375% 22Aug2028 Corp (USD)

Bond Factsheet

Celestial Dynasty Limited

Indicative

Full Lot

Bid Price

98.667

Change in Bid Price

remove 0.041

Bid Yield (%)

7.140 %

Change in Bid Yield

0.025

Ask Price

99.417

Change in Ask Price

remove 0.041

Ask Yield (%)

6.705 %

Change in Ask Yield

0.024

Indicative price as of 02 Oct 2026, 4:33pm

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Bond Information

Celestial Dynasty Ltd operates software development businesses. The Company develops application software and other products.

Bond Issuer

Celestial Dynasty Limited

Guarantor

CTF Services Limited

Announcement Date

15 Aug 2024

Issue Date

22 Aug 2024

Maturity Date

22 Aug 2028

Years to Maturity / Next Call

1.882 / 1.797

Modified Duration

1.729 @ 02 Oct 2026

Issue / Reoffer Price

99.265

Issue / Reoffer Yield

6.587

Coupon Type

Fixed

Annual Coupon Rate

6.375

Coupon Frequency

Semi Annually

Seniority

Senior Unsecured

Reference Rate

ISIN

XS2877153234

CUSIP

YV1767362

Bond Currency

USD

Total Issue Size

400,000,000

Min. Investment Quantity (Nominal)

USD 200,000

Incremental Quantity (Nominal)

USD 1,000

Bond Type

Corporate

Bond Sector

Industrials

Bond Sub Sector

Construction and Engineering

Issuer Credit Rating (S&P/ Fitch)

***/ N.R

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

HKEX

Bond Feature(s)

Issuer Call

The Notes may be redeemed at the option of the Issuer in whole, but not in part, at any time on or after 22 July 2028 up to (but excluding) the Maturity 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 Notes at their principal amount, together with interest accrued and unpaid to the date fixed for redemption).

Change Control Put

At any time following the occurrence of a Change of Control, the Holder of each 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 (as defined in the Conditions) at their principal amount, together with accrued and unpaid interest (if any) up to, but excluding the Change of Control Put Date. See Condition 6(d) (Redemption for Change of Control) of the Conditions.

A “Change of Control” occurs when:

(i)any Person or Persons acting together acquires Control of the Guarantor if such Person or Persons does not or do not have, and would not be deemed to have, Control of the Guarantor on the Issue Date; or

(ii)the Guarantor consolidates with or merges into or sells or transfers all or substantially all of its assets to any other Person, unless the consolidation, merger, sale or transfer will not result in the other Person or Persons acquiring Control over the Guarantor or the successor entity; or

(iii)one or more Persons acquires the beneficial ownership of all or substantially all of the Guarantor's issued share capital. The “Change of Control Put Date” shall be the fourteenth day after the expiry of such period of 60 days as referred to above.

“Control” means the acquisition or control of more than 50 per cent. of the voting rights of the issued share capital of the Guarantor or the right to appoint and/or remove all or the majority of the members of the Guarantor'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" shall have meanings correlative to the foregoing.

A “Person” 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) but does not include members of the board of directors of the Guarantor (or their respective heirs, executors or assigns) or any other governing board and does not include the wholly owned direct or indirect Subsidiaries of the Guarantor.

Additional Note

NWS Holdings (Guarantor) has officially changed its name to CTF Services Limited, effective November 2024.

Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.

Coupon Dates	Coupon Receive	Principal Amount	Cash Flow

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