Issuer call at par; else 300 bts step-up upon a Change of Controll
If so provided hereon. the Perpetual Securities may be redeemed at the option 01 the Issuer in whole. but not in part, on any Distribution Payment Date for the purpose of this condition
(I) “Change of Control Event” means:
(1) Mr. Lim Hwee Chiang John. The Straits Trading Company Limited. Cheung Kong Property Limited. Warburg Pincus LLP and/or AVIC Trust. cease to
(2) any person or Persons(acting with its related corporations) (provided that Such or (and their related corporations) do
(3) the issuer consolidates with o’ merges into or sells or transfers all or substantially all of the Issuers assets to any other Person or Persons
Coupon Step Up
Coupon Step up Of 300 bps at the end of Year 10
Deferral Interest payment
Issuer Call
Enquiry
Have an enquiry? Get in touch with us at (+65) 6212 1818 or message us below! Not yet an account holder? Open an account online here
Acknowledgement
Acknowledgement
To view bonds that may only be offered to accredited investors and other relevant persons in reliance on a relevant exemption from needing to register a prospectus for such bonds, you must be or may be deemed to be an accredited investor.
You are an accredited investor if you are:
An individual –
Whose net personal assets exceed S$2,000,000 (or its equivalent in a foreign currency) in value, of which no more than S$1,000,000 (or its equivalent in a foreign currency) in value is contributed by the net estimated fair market value of his/her primary residence; or
Whose financial assets (net of any related liabilities) exceed S$1,000,000 in value (or its equivalent in a foreign currency); or
Whose income in the preceding twelve (12) months is not less than S$300,000 (or its equivalent in a foreign currency).
A corporation with net assets exceeding $10 million in value (or its equivalent in a foreign currency) or such other amount as the Authority may prescribe, in place of the first amount, as determined by —
The most recent audited balance-sheet of the corporation; or
Where the corporation is not required to prepare audited accounts regularly, a balance-sheet of the corporation certified by the corporation as giving a true and fair view of the state of affairs of the corporation as of the date of the balance-sheet, which date shall be within the preceding 12 months;
Or You have the intent and financial capability to transact not less than S$200,000 (or its equivalent in a foreign currency) per order to be paid in full.
I am an accredited investor; and/or
I have the intent and financial capability to transact not less than S$200,000 (or its equivalent in a foreign currency) per order to be paid in full;
I have read the Risk Disclosure Statement and fully understand the risks involved in investing in Debt Securities.
*Risk Disclosure Statement
Debt Securities and debt-linked investments offer fixed returns over a defined period and are intended to be held to maturity. These instruments carry a significant amount of risk such as credit, currency and liquidity risks. Credit risk arises from default events that may result in the inability of the issuer to pay interest or principal. Default risk is high when credit rating is non-investment grade or non-rated. In a default situation, the buyer may lose both interest and principal. Currency risk arises from holding Debt Securities that are issued in foreign currency, hence exposing the buyer to fluctuations in exchange rate. There is a high chance that if the currency moves adversely, the buyer may lose more than his original interest and principal. Liquidity risk refers to the availability of prices for buying or selling into a market. It is common for most Debt Securities to suffer from poor liquidity because they are quoted over-the-counter.
Over the counter (OTC) products are not listed or available on an officially recognized securities exchange, but traded directly between two parties (buyer and seller) on a principal basis, unless otherwise stated. As a result, an OTC transaction is individually negotiated between two parties and the Customer is thus exposed to the credit risk of the counter party in which they enter into bilateral agreement with. In addition, the Customer will at any time be exposed to liquidity risk and PSPL cannot and does not warrant that there is an active trading market and the price PSPL secures for the Customer will at any time be the best price available to the Customer. In entering into an OTC transaction with the Customer, PSPL may make profit despite the Customer incurring a loss. The Customer should consider carefully whether each OTC product is suitable in light of the Customer’s investment experience, objectives, financial position, risk propensity and other relevant considerations. Customers should therefore ensure that they understand the risks associated with OTC products and transactions and seek independent advice, if necessary, before making a decision to invest in any OTC product.
Where PSPL re-sells an obligation of an Issuer or Third Party, the Customer accepts that PSPL is not obliged to settle the underlying obligation of such Issuer or Third Party and the liability of non-payment by Issuer or Third Party is to be borne by Customer and that such a transaction shall be deemed settled upon the Customer payment for the same.
