Bond Factsheet
SIMEGL 3.540% 20Nov2029 Corp (SGD)
Singapore Medical Group Limited
Indicative
Full Lot
Bid Price 102.550
Change in Bid Price
-
Bid Yield (%) 2.637 %
Change in Bid Yield
-
Ask Price 103.175
Change in Ask Price
-
Ask Yield (%) 2.419 %
Change in Ask Yield 0.001
Indicative price as of 05 Oct 2026, 4:00pm
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Singapore Medical Group Limited
Guarantor
Credit Guarantee & Investment Facility
Announcement Date
11 Nov 2024
Issue Date
20 Nov 2024
Maturity Date
20 Nov 2029
Years to Maturity / Next Call
3.124 / 2.957
Modified Duration
2.907 @ 05 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.540
Coupon Type
Fixed
Annual Coupon Rate
3.540
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
SGXF13889278
CUSIP
YT0151480
Bond Currency
SGD
Total Issue Size
90,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
Corporate
Bond Sector
Health Care
Bond Sub Sector
Health Care Providers and Services
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ N.R
Shariah Compliant
No
Exchange Listed
SGX
Issuer Call
(b) in the case of a redemption of any Bonds on any Business Day from (and including 20 September 2029, i.e. a date falling 2 months prior to maturity date), such Bonds will be redeemed at a price equal to 100 per cent. of their principal amount,
in each case, together with accrued and unpaid interest on the Bonds so redeemed to (but excluding) the applicable date fixed for redemption.
Make Whole Call
(a) in the case of a redemption of any Bonds on any business day that is prior to 20 September 2029 (the “Make Whole Call Date”), such Bonds will be redeemed at the Make Whole Amount (as defined in the Conditions) per Calculation Amount; and
in each case, together with accrued and unpaid interest on the Bonds so redeemed to (but excluding) the applicable date fixed for redemption.
“Make Whole Amount” means an amount equal to the greater of:
(A) an amount equal to the sum of:
(x) the present value of the principal amount of the Bonds discounted from the Make Whole Call Date; and
(y) the present value of the remaining scheduled interest payments due on such Bonds to and including the Make Whole Call Date.
The expression “present value” in (x) and (y) above to be calculated by discounting the relevant amounts to the date of redemption of the Bonds at the rate equal to the sum of:
(1) the prevailing SGD SORA OIS corresponding to the duration of the remaining period to the Make Whole Call Date (the “Make Whole Call Reference Rate”) as of the close of business on the eighth business day prior to the date of redemption of the Bonds (the “Make Whole Amount Determination Date”), provided that if there is no quoted SGD SORA OIS corresponding to the relevant period, the “prevailing SGD SORA OIS” used will be the interpolated interest rate as calculated using the quoted SGD SORA OIS for the two periods most closely approximating the duration of the remaining period to the Make Whole Call Date and the actual number of days elapsed assuming a 365-day year; and
(2) 0.15 per cent.; and
B) the Calculation Amount
Additional Note
At any time following the occurrence of a CGIF Acceleration (as defined herein and in the Conditions), the Guarantor may at its discretion, on giving not less than seven (7) nor more than fifteen (15) days’ notice to the Issuer, the Trustee and the Paying Agent require the Issuer to redeem the Bonds in whole, but not in part only, at their principal amount, together with interest accrued but unpaid to the date fixed for redemption following which the Issuer shall immediately, or if the Issuer fails to do so the Guarantor may, give notice to the Bondholders, the Trustee and the Paying Agent in accordance with Condition 16 (Notices) (which notice shall be irrevocable).
For the purposes of this Condition 7(d), a “CGIF Acceleration” occurs if:
(A) an Issuer Event of Default occurs; or
(B) a Missed Payment Event has occurred and is continuing and irrespective of whether or not the Guarantor has already paid any Guaranteed Amounts in respect of such Missed Payment Event; or
(C) any term or provision of the Conditions, the Trust Deed or the Agency Agreement has been amended, modified, varied, novated, supplemented, superseded, waived or terminated without the prior written consent of the Guarantor as required pursuant to the terms of the CGIF Guarantee, the Conditions, Trust Deed or the Agency Agreement, as the case may be,
and the Guarantor has delivered a CGIF Acceleration Notice to the Trustee in accordance with the Trust Deed.
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