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Frasers Property 4.380% Perp (SGD)
Frasers Property Treasury Pte Ltd
Frasers Property Treasury Pte. Ltd. provides real estate ownership and development services. The Company conducts its business in Singapore.
to trade this BondbloX
Bondblox Price Information
Last Price
97.500
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXSG7LE3000009
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.800
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Underlying Bond Information
Bond Issuer
Frasers Property Treasury Pte Ltd
ISIN
SG7LE3000009
Bond Currency
SGD
Country of Risk
SGP
Guarantor
Frasers Property Ltd
Coupon
4.380%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Real Estate
Minimum Denomination
250,000
Minimum Increment
250,000
Amount Issued
300,000,000
Amount Outstanding
300,000,000
Issue Date
Jan 17, 2018
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
-
Registration Type
Regulation S
Seniority
Subordinated
Callable
Y
Next Call Date
Jan 17, 2025
Next Call Price
100.000
Reference Rate
SDSW10
Spread
318.7
Refix Frequency (years)
10
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jan 17, 2025
Day Count Basis
ACT/365
Record Date Rule
5 Singapore Business Days, or otherwise specified by SGX
Underlying Bond Features
Change of Distribution Rate:
The Distribution Rate applicable to the Perpetual Securities shall be:
- (i) in respect of the period from and including the Distribution Commencement Date to but excluding the First Reset Date, 4.38 per cent. per annum payable semi-annually in arrear; and
- (ii) in respect of the period from and including the First Reset Date, the Reset Distribution Rate payable semi-annually in arrear.
- First Reset Date: 17 January 2028
- Reset Date(s): The First Reset Date and each date falling every 10 years after the First Reset Date
- Reset Distribution Rate: Prevailing 10-Year SGD Swap Offer Rate with respect to the relevant Reset Date plus the Initial Spread plus the Step-Up Margin, payable semi-annually in arrear
- Initial Spread: 2.187 per cent.
- Step-Up Margin: 1.00 per cent. per annum
- In the event that a Change of Control Event (as defined in Condition 5(h) has occurred, so long as the Issuer has not already redeemed the Perpetual Securities in accordance with Condition 5(h), the then prevailing Distribution Rate shall be increased by the Change of Control Event Margin with effect from (and including) the Distribution Payment Date immediately following the date on which the Change of Control Event occurred (or, if the Change of Control Event occurs on or after the date which is two business days prior to the immediately following Distribution Payment Date, the next following Distribution Payment Date).
- Change of Control Event Margin: 1.00 per cent. per annum
Redemption upon a Change of Control:
The Perpetual Securities may be redeemed at the option of the Issuer in whole, but not in part, on any Distribution Payment Date or, if so specified hereon, at any time on giving not less than 30 nor more than 60 days’ notice to the Perpetual Securityholders (which notice shall be irrevocable), at their Redemption Amount, (together with distribution (including any Arrears of Distribution and any Additional Distribution Amount) accrued to (but excluding) the date fixed for redemption), following the occurrence of a Change of Control Event (as defined in the applicable Pricing Supplement), where,
A “Change of Control Event” occurs when:
- (i) a person or persons acting in concert acquires or acquire Control of the Issuer or the Guarantor, if such person or persons does not have or do not have, and would not be deemed to have, Control of the Issuer or the Guarantor on the Issue Date; or
- (ii) the Issuer or the Guarantor consolidates with or merges into or sells or transfers all or substantially all of the Issuer’s or, as the case may be, the Guarantor’s 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 Issuer, the Guarantor, or as the case may be, the successor entity.
- “Control” means, in relation to an entity (a) ownership or control of more than 50 per cent. of the voting rights of the issued share capital of such entity or (b) the right to appoint and/or remove all or the majority of the members of such entity’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.
Distribution Discretion:
Optional Payment, Dividend Stopper, Dividend Pusher, Cumulative Deferral and Additional Distribution are applicable
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXSG7LE3000009.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
Frasers Property 4.380% Perp (SGD)
InstitutionsIndividuals
to trade this BondbloX
Frasers Property Treasury Pte Ltd
Frasers Property Treasury Pte. Ltd. provides real estate ownership and development services. The Company conducts its business in Singapore.
Bondblox Price Information
Last Price
97.500
Yield
-
BondbloX Information
Identifier: BEXISIN
BEXSG7LE3000009
Minimum Trading Size
1,000
BondbloX Features
No voting rights
Accrued Interest
1.800
Coupon / Distribution
Pass through of Underlying Bond coupons & distributions
Listed On
BondbloX Bond Exchange
Settlement Cycle
Instant (Fractional)
Underlying Bond Information
Bond Issuer
Frasers Property Treasury Pte Ltd
ISIN
SG7LE3000009
Bond Currency
SGD
Country of Risk
SGP
Guarantor
Frasers Property Ltd
Coupon
4.380%
Coupon Type
Fixed-Fixed (Margin-over Index)
Industry Type
Real Estate
Minimum Denomination
250,000
Minimum Increment
250,000
Amount Issued
300,000,000
Amount Outstanding
300,000,000
Issue Date
Jan 17, 2018
Maturity Date
Perp
Perpetual
Y
Redemption Value
100.000
Bond Rating
-
Registration Type
Regulation S
Seniority
Subordinated
Callable
Y
Next Call Date
Jan 17, 2025
Next Call Price
100.000
Reference Rate
SDSW10
Spread
318.7
Refix Frequency (years)
10
Coupon / Distribution Information
Coupon Frequency
2
Next Coupon Date
Jan 17, 2025
Day Count Basis
ACT/365
Record Date Rule
5 Singapore Business Days, or otherwise specified by SGX
Underlying Bond Features
Change of Distribution Rate:
The Distribution Rate applicable to the Perpetual Securities shall be:
- (i) in respect of the period from and including the Distribution Commencement Date to but excluding the First Reset Date, 4.38 per cent. per annum payable semi-annually in arrear; and
- (ii) in respect of the period from and including the First Reset Date, the Reset Distribution Rate payable semi-annually in arrear.
- First Reset Date: 17 January 2028
- Reset Date(s): The First Reset Date and each date falling every 10 years after the First Reset Date
- Reset Distribution Rate: Prevailing 10-Year SGD Swap Offer Rate with respect to the relevant Reset Date plus the Initial Spread plus the Step-Up Margin, payable semi-annually in arrear
- Initial Spread: 2.187 per cent.
- Step-Up Margin: 1.00 per cent. per annum
- In the event that a Change of Control Event (as defined in Condition 5(h) has occurred, so long as the Issuer has not already redeemed the Perpetual Securities in accordance with Condition 5(h), the then prevailing Distribution Rate shall be increased by the Change of Control Event Margin with effect from (and including) the Distribution Payment Date immediately following the date on which the Change of Control Event occurred (or, if the Change of Control Event occurs on or after the date which is two business days prior to the immediately following Distribution Payment Date, the next following Distribution Payment Date).
- Change of Control Event Margin: 1.00 per cent. per annum
Redemption upon a Change of Control:
The Perpetual Securities may be redeemed at the option of the Issuer in whole, but not in part, on any Distribution Payment Date or, if so specified hereon, at any time on giving not less than 30 nor more than 60 days’ notice to the Perpetual Securityholders (which notice shall be irrevocable), at their Redemption Amount, (together with distribution (including any Arrears of Distribution and any Additional Distribution Amount) accrued to (but excluding) the date fixed for redemption), following the occurrence of a Change of Control Event (as defined in the applicable Pricing Supplement), where,
A “Change of Control Event” occurs when:
- (i) a person or persons acting in concert acquires or acquire Control of the Issuer or the Guarantor, if such person or persons does not have or do not have, and would not be deemed to have, Control of the Issuer or the Guarantor on the Issue Date; or
- (ii) the Issuer or the Guarantor consolidates with or merges into or sells or transfers all or substantially all of the Issuer’s or, as the case may be, the Guarantor’s 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 Issuer, the Guarantor, or as the case may be, the successor entity.
- “Control” means, in relation to an entity (a) ownership or control of more than 50 per cent. of the voting rights of the issued share capital of such entity or (b) the right to appoint and/or remove all or the majority of the members of such entity’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.
Distribution Discretion:
Optional Payment, Dividend Stopper, Dividend Pusher, Cumulative Deferral and Additional Distribution are applicable
Related Documents
Final Terms
This document constitutes the Final Terms relating to the issue of BondbloX BEXSG7LE3000009.
Disclaimer
Information regarding the Underlying Bonds is extracted purely on best-efforts basis from the actual program documents currently publicly available to BondEvalue and is not intended to be complete or absolute. No warranty is made as to the completeness or accuracy of such information nor its extraction. Please refer to the actual program documents for complete and accurate information governing the Underlying Bonds.
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BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.