*** HOTEL PROPERTIES LIMITED 6Y SGD – PRICED S$65MM AT 3.85% ***
Issuer: Hotel Properties Limited
Expected Issue Rating: Unrated
Format: Reg S, S274 & 275 of Singapore SFA
Status: Senior, unsecured, off the SGD800m Multicurrency Medium Term Note Programme
Issue Size: S$65MM
Issue Price: 100.00
Coupon: 3.85% (157.5bp above 6yrs sgd sor)
Payment: Semi-annual, Actual/365 (fixed)
Tenor: 6 years
Settlement date: 27 May 2015
Maturity date: 27 May 2021
Use of Proceeds: As per the Programme
Redemption for Taxation Reasons: Yes, in accordance with the Programme
Denomination: SGD250,000
Governing Law: Singapore Law
Listing: None
Clearing: CDP
Sole Bookrunner: DBS Bank Ltd.
** NEW ISSUE: SOILBUILD BUSINESS SPACE REIT SGD 3YR – IPG 3.5% area **
Issuer: DBS Trustee Limited (in its capacity as trustee for Soilbuild Business Space REIT)
Status: Senior, unsecured, off SGD500m Multicurrency Debt Issuance Programme
Issuer Rating: BBB- (S&P)
Notes Rating: Unrated
Format: Reg S, S274 & 275 of Singapore SFA
Tenor: 3 Years
Issue Size: S$ 100 million (capped)
Initial Price Guidance: 3.5% area
Payment: Semi-annual, Actual/365 (fixed)
Settlement Date: [●]
Maturity Date: [●]
Change of control put: At par, if (1) Mr. Lim Chap Huat and Soilbuild Group Holdings Ltd. (“SBGH”) together cease to own, directly or indirectly, at least 20 per cent. of the units in Soilbuild REIT; or (2) SBGH ceases to legally and beneficially own at least 51 per cent. of (i) the ordinary share capital of SB REIT Management Pte. Ltd. (“SBRM”) or (ii) any other issued share capital of SBRM giving SBGH the right to vote in general meetings of SBRM
Details: SGD250,000/SGX-ST/CDP/Singapore Law
Joint Bookrunners: DBS, OCBC
B&D: OCBC
Timing: As early as today