Issuer: United Energy Financing (Bermuda) Limited
Guarantor: United Energy Group Limited
Series: 001
Status: Direct, unconditional, unsubordinated and unsecured Notes
Format: Reg S, S274 & S275 of Singapore SFA, issuance off SGD 1 Billion Multicurrency Medium Term Note Programme
Tenor: 2-years
Initial Price Guidance: 7.0% area
Issue Size: $350 Mil
Issue Date: [●] October 2014
Maturity Date: [●] October 2016
Change of Control: Change of Control investor put at 101% plus accrued interest, in accordance with the Programme
Financial covenants:
– Consolidated Total Equity is not less than US$900,000,000
– Consolidated Total Debt / Consolidated Total Equity ≤1.2x
– Consolidated Secured Debt / Consolidated Total Assets ≤0.6x
– Consolidated EBITDA / Consolidated Interest Expense ≥6.0x
Redemption for Taxation Reasons : Yes, in accordance with the Programme
Use of Proceeds : General corporate purposes and such other purposes as the Group may specify in the applicable pricing ......