ARTSP 3.880% Perpetual Corp (SGD)

Bond Factsheet

Matured/ Called

Ascott Residence Trust

Indicative

Full Lot

Bid Price

99.973

Change in Bid Price

0.001

Bid Yield (%)

Change in Bid Yield

Ask Price

100.035

Change in Ask Price

remove 0.016

Ask Yield (%)

Change in Ask Yield

Indicative price as of 04 Sep 2024, 12:00am

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Bond Information

CapitaLand Ascott Trust operates as a lodging real estate investment trust. The Trust primarily invest in income-producing real estate and real estate-related assets which are as serviced residences, hotels, rental housing properties, and other hospitality assets. CapitaLand Ascott Trust serves customers worldwide.

Bond Issuer

Ascott Residence Trust

Guarantor

Announcement Date

26 Aug 2019

Issue Date

04 Sep 2019

Maturity Date

Perpetual

Years to Maturity / Next Call

Perpetual / 0.417

Modified Duration

Issue / Reoffer Price

100.000

Issue / Reoffer Yield

3.880

Coupon Type

Variable

Annual Coupon Rate

3.880

Coupon Frequency

Semi Annually

Seniority

Junior Subordinated

Reference Rate

Reset Date: 04 Sep 2024 and every 5 years thereafter
Reset Rate: Prevailing SGD 5Y SOR + the Initial Spread (2.352%)

ISIN

SGXF19322878

CUSIP

ZR3424077

Bond Currency

SGD

Total Issue Size

150,000,000

Min. Investment Quantity (Nominal)

SGD 250,000

Incremental Quantity (Nominal)

SGD 250,000

Bond Type

Corporate

Bond Sector

Financials

Bond Sub Sector

Real Estate Investment Trusts

Issuer Credit Rating (S&P/ Fitch)

***/ BBB

Bond Credit Rating (S&P/ Fitch)

***/ N.R

Shariah Compliant

Exchange Listed

SGX

Bond Feature(s)

Deferral Interest Payment

Non-Cumulative Deferral

If the Issuer elects not to pay a Distribution in whole or in part, the Issuer is not under any obligation to pay that or any other Distributions that have not been paid in whole or in part. Such unpaid Distributions or part thereof are non-cumulative and do not accrue interest. The Issuer may, at its sole discretion, and at any time, elect to pay an optional amount equal to the amount of Distribution which is unpaid in whole or in part (an Optional Distribution) by complying with the notice requirements in Condition 4(e)(v) (Distribution - Distribution Discretion - Optional Distribution). There is no limit on the number of times or the extent of the amount with respect to which the Issuer can elect not to pay Distributions pursuant to this Condition 4(e) (Distribution - Distribution Discretion).

Dividend Stopper

If, on any Distribution Payment Date, payments of all Distribution scheduled to be made on such date are not made in full by reason of this Condition 4(e) (Distribution - Distribution Discretion), the Issuer shall not:

(a) declare or pay any distributions or make any other payment on, and will procure that no distribution or other payment is made on, any of its Junior Obligations or (except on a pro-rata basis) its Parity Obligations; or

(b) redeem, reduce, cancel, buy-back or acquire for any consideration any of its Junior Obligations or (except on a pro-rata basis) its Parity Obligations, unless and until either a redemption of all the outstanding Securities in accordance with Condition 5 (Redemption and Purchase) has occurred, the next scheduled Distribution has been paid in full, or an Optional Distribution equal to the amount of a Distribution payable with respect to the most recent Distribution Payment Period (as defined in Condition 17 (Definitions)) that was unpaid in full or in part, has been paid in full, or an Extraordinary Resolution (as defined in the Agency Agreement) by Holders has permitted such payment.

Issuer Call

The Issuer may, at its option, redeem the Securities in whole, but not in part, on the First Call Date or on any Distribution Payment Date thereafter at their principal amount, together with the Distribution accrued from (and including) the immediately preceding Distribution Payment Date to (but excluding) the date fixed for redemption, on giving not less than 30 nor more than 60 days' notice to the Holders, the Registrar and the Paying Agents (which notice shall be irrevocable).

First Call Date: Sep 2024

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