Shares & Derivatives
Singapore Corporate Bond New Issue Review: Ezion Holdings Ltd 7% Perpetual
By Doctor Wealth  •  November 13, 2014
bond new issue ezion holdings Singapore Corporate Bond New Issue: Ezion Holdings Limited SGD Subordinated Perp-NC-4Y Issuer: Ezion Holdings Limited Issue: SGD Subordinated Perpetual Securities Ratings: Unrated Format: Registered form, Regulation S only and S274/275 of SFA, issuance off S$1.5 billion Multicurrency Debt Issuance Programme Issue Size: S$150MM Price: 7% (the number) Tenor: Perpetual NC4 Settlement Date: [●] 2014 Ranking: Subordinated; Senior only to Issuer’s ordinary shares Call Option: [●] 2018 & at every distribution date thereafter at par; Redemption may be in whole or in part (on a pro-rata basis) Distribution: Fixed. Reset in Year 4 based on prevailing SGD 4Y SOR & every 4 years thereafter Step up: 300bps from Year 4 onwards Distribution Payment: Act/365 days (fixed), payable semi-annually in arrear Distribution Deferral: At issuer’s discretion. Any deferred distributions are cumulative and on a compounding basis Dividend Pusher: Yes, with 12 month look back period Dividend Stopper: Yes Other Redemption: At par ......
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By Doctor Wealth
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