Reset Rate: prevailing 5Y UST + Spread (2.300%)
Permanent write-off (in whole or part) of principal and/or interest by an amount equal to the amount as the HKMA may direct or, in the absence of such a direction, as the Issuer shall (in consultation with the HKMA) determine to be necessary to satisfy the HKMA that the Non-Viability Event will cease to continue “Non-Viability Event” means the earlier of the HKMA notifying the Issuer in writing:
i. that the HKMA is of the opinion that a Write-off or conversion is necessary, without which the Issuer would become non-viable; and
ii. that a decision has been made by the government body, a government officer or other relevant regulatory body with the authority to make such a decision, that a public-sector injection of capital or equivalent support is necessary, without which the Issuer would become non-viable.
Hong Kong Resolution Authority Power
Each holder of the Notes and the Trustee shall be deemed to agree and acknowledge that they are each subject to the exercise of any Hong Kong Resolution Authority Power by the relevant Hong Kong Resolution Authority which may include (without limitation) and result in any of the following or some combination thereof:
i. the reduction or cancellation of all or a part of the principal amount of, or interest on, the Notes;
ii. the conversion of all or a part of the principal amount of, or interest on, the Notes into shares or other securities or other obligations of the Issuer or another person (and the issue to or conferral on the holder of such shares, securities or obligations), including by means of an amendment, modification or variation of the terms of the Notes; and
iii. the amendment or alteration of the maturity of the Notes or amendment or alteration of the amount of interest payable on the Notes, or the date on which interest becomes payable, including by suspending payment for a temporary period, or any other amendment or alteration of the Conditions.
There are no credit rating changes for this bond for the past 3 years.
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Remark
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- ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
- 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
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- 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.
- 2027AprCouponUSD 6,093.75Early RedemptionUSD 250,000.00

