The Straits Trading Company Limited
Indicative
Full Lot
Indicative price as of 01 Oct 2026, 3:50pm
Bond Issuer
The Straits Trading Company Limited
Guarantor
-
Announcement Date
17 Jan 2024
Issue Date
24 Jan 2024
Maturity Date
24 Jan 2029
Years to Maturity / Next Call
2.316 / -
Modified Duration
2.174 @ 30 Sep 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.700
Coupon Type
Fixed
Annual Coupon Rate
4.700
Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Reference Rate
-
ISIN
SGXF43413602
CUSIP
ZF3921797
Bond Currency
SGD
Total Issue Size
130,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
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
No
Exchange Listed
SGX
If so provided hereon, if, for any reason, a Change of Shareholding Event occurs, the Issuer will within seven days of such occurrence give notice to the Noteholders of the occurrence of such event (the “Notice”) and shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount, together with interest accrued to (but excluding) the date fixed for redemption, on the date falling 45 days from the date of the Notice (or if such date is not a business day, on the next day which is a business day).
“Change of Shareholding Event” occurs when Tan Chin Tuan Pte. Ltd. ceases to own beneficially (whether directly or indirectly) at least 51 per cent. of the issued share capital for the time being of the Issuer.
If so provided hereon, in the event that (i) the shares of the Issuer cease to be traded on the SGX-ST or (ii) trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than 10 market days, the Issuer shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount together with interest accrued to the date fixed for redemption on any date on which interest is due to be paid on such Notes or, if earlier, the date falling 45 days after the Effective Date.
“Effective Date” means (where the shares of the Issuer cease to be traded on the SGX-ST) the date of cessation of trading or (where trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than 10 market days) the business day immediately following the expiry of such continuous period of 10 market days;
Cash Flow Information
