BOND COMPLEXITY : MODERATEISIN: US20602DAB73
CNXC 6.600% 02Aug2028 Corp (USD)
CONCENTRIX CORPORATION
Indicative Bid Price
99.936
Bid Yield to Maturity
6.634%
Bid Yield to Call
6.631%
Min. Investment (Nominal)
2000
Indicative Ask Price
100.205
Ask Yield to Maturity
6.486%
Ask Yield to Call
6.478%
Next Call Date
01 Jul 2028
Credit Rating (Bond)
BBB
Investment Grade
Seniority
Senior Unsecured
Investor Profile
Stable Income Seeker
Chart
Created with Highcharts 9.3.2Chart context menuBid Yield to CallAsk Yield to CallBid Yield to MaturityAsk Yield to Maturity8. Jul10. Jul12. Jul14. Jul16. Jul18. Jul20. Jul22. Jul24. Jul26. Jul28. Jul30. Jul1. Aug3. Aug5. Aug6.46.66.877.2FSM Global
Bond Information
Concentrix Corporation provides technology infused solutions. The Company offers digital customer experience (CX) solutions. Concentrix serves customers in the United States.
Bond Issuer
Concentrix Corporation
Guarantor
-
Announcement Date
18 Jul 2023
Issue Date
01 Aug 2023
Maturity Date / Next Call Date
01 Aug 2028 / 01 Jul 2028
Years to Maturity / Next Call
1.984 / 1.899
Issue/Reoffer Price
99.979
Issue/Reoffer Yield
6.605
Coupon Type
Fixed
Annual Coupon Rate (%)
6.6
Annual Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
Others
Reference Rate
-
ISIN
US20602DAB73
CUSIP
20602DAB7
Bond Currency
USD
Total Issue Size
USD 800,000,000
Minimum Investment Quantity (Nominal)
USD 2,000
Incremental Quantity (Nominal)
USD 1,000
Bond Registration
Wholesale
Bond Type
Corporate
Bond Sector
Information Technology
Bond Sub Sector
Software
Issuer Credit Rating (S&P/ Fitch)
***/BBB
Bond Credit Rating (S&P/ Fitch)
***/BBB
Shariah Compliant
No
W-8BEN Declaration needed 
Yes
Bond Feature(s)
Change of Control Offer

If a Change of Control Triggering Event (as defined below under “—Certain Definitions”) occurs with respect to the debt securities of a series, unless we have exercised our right to redeem the debt securities of such series, we will be required to make an offer to each holder of the debt securities of that series to purchase all or any part (equal to $2,000 or an integral multiple of $1,000 in excess thereof) of that holder’s debt securities at a purchase price in cash equal to 101% of the aggregate principal amount thereof, plus accrued and unpaid interest, if any, up to, but not including, the date of purchase of such debt securities (subject to the right of holders of record on the relevant record date to receive interest, if any, due on the relevant interest payment date); provided that after giving effect to such purchase, any debt securities of such series that remain outstanding shall have a denomination of $2,000 and integral multiples of $1,000 in excess of that amount.

“Change of Control Triggering Event” means the occurrence of both a Change of Control and a Ratings Event.

“Change of Control” means the occurrence of any one of the following:

(a) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of our assets and the assets of our subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of the Exchange Act) other than to us or one of our subsidiaries;

(b) the consummation of any transaction (including without limitation, any merger or consolidation) the result of which is that any “person” (as that term is used in Section 13(d)(3) of the Exchange Act), other than us or our subsidiaries, becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than 50% of our outstanding Voting Stock, measured by voting power rather than number of shares; or

(c) the adoption of a plan relating to our liquidation or dissolution.
Prior to July 2, 2026 , in the case of the 2026 notes (the “2026 notes Par Call Date”), July 2, 2028 , in the case of the 2028 notes (the “2028 notes Par Call Date”) or , May 2, 2033 , in the case of the 2033 notes (the “2026 notes Par Call Date”, and, together with the 2028 notes Par Call Date and the 2033 notes Par Call Date, the “Par Call Dates” and each, a “Par Call Date”), we may redeem the notes of such series at our option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of:

• (a) the sum of the present values of the remaining scheduled payments of principal and interest on the notes of such series to be redeemed from the redemption date to the applicable Par Call Date, in each case discounted to the redemption date (assuming the notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at a rate equal to the applicable Treasury Rate (as defined below) plus 40 basis points for the 2026 notes, 40 basis points for the 2028 notes and 50 basis points for the 2033 notes, in each case less (b) interest accrued to the redemption date; and

• 100% of the principal amount of the notes of such series to be redeemed, plus, in either case, accrued and unpaid interest, if any, thereon to, but not including, the redemption date

Par Call: 2028 Notes: Callable on or after July 2, 2028 at 100%
On or after the applicable Par Call Date, we may also redeem the notes of any series at our option, in whole or in part, at any time and from time to time, at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest, if any, thereon to, but not including, the redemption date.

Par Call: 2028 Notes: Callable on or after July 2, 2028 at 100%
Special Mandatory Redemption:

In the event that (i) the closing of the Acquisition has not occurred on or prior to December 29, 2024 (or such later date to which the Share Purchase and Contribution Agreement may be extended in accordance with its terms, any such extension to be set forth in an officer’s certificate delivered to the trustee prior to the close of business on December 29, 2024 or such other extended termination date as shall be then applicable), (ii) we notify the trustee in writing that we will not pursue the consummation of the Acquisition or (iii) the Share Purchase and Contribution Agreement has been terminated without the consummation of the Acquisition, we will be required to redeem the Notes in whole at a special mandatory redemption price equal to 101% of the aggregate principal amount of the Notes, plus accrued and unpaid interest on the principal amount of the Notes from and including the date of initial issuance of such series of Notes, or the most recent date to which interest has been paid on such series of Notes, whichever is later, to, but not including, the special mandatory redemption date
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (CALL)
ASK YIELD (MATURITY)
06 Aug 202699.936100.2056.4786.486
05 Aug 202699.921100.0916.5436.549
04 Aug 202699.842100.0246.5826.586
03 Aug 202699.66799.9786.6086.611
02 Aug 202699.61799.9626.6176.620
30 Jul 202699.679100.0236.5836.587
29 Jul 202699.670100.1196.5296.535
28 Jul 202699.63199.9646.6166.619
27 Jul 202699.58899.8696.6706.671
26 Jul 202699.58899.8696.6706.670
Total of 67 entries
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating
CHANGE DATE
S&P Bond S&P Issuer Fitch Bond Fitch Issuer
02 Dec 2025 *** *** BBBBBB
Total of 1 entries
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Related Documents
pdfIcon
Prospectus
Concentrix Corporation Debt Securities. Preliminary and Prospectus dated July 17, 2023.
pdfIcon
Pricing Supplement
$800,000,000 6.600% Senior Notes due 2028. Pricing Term Sheet dated July 19, 2023.
pdfIcon
Prospectus Supplement
$800,000,000 6.600% Senior Notes due 2028. Prospectus Supplement Dated July 19, 2023.(To Prospectus Dated July 17, 2023).
Related Bonds

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FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
USD 2,019.20
Years to Call
1 years 10+ months
Est. Total Income
USD 253.00
Yield to Call
6.014%
Indicative Cash Flow
Nominal Value
USD 2,000.00
  • 2028
    Jul
    Coupon
    USD 55.00
    Early Redemption
    USD 2,000.00
  • Feb
    Coupon
    USD 66.00
  • 2027
    Aug
    Coupon
    USD 66.00
  • Feb
    Coupon
    USD 66.00
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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