POST-TRANSACTION PAYMENT ENABLED BOND COMPLEXITY : HIGH ISIN: SGXF56745627
SUNSP 4.480% Perpetual Corp (SGD)
SUNTEC REIT
Indicative Bid Price
101.700
Bid Yield to Worst
4.013%
Bid Yield to Call
4.013%
Min. Investment (Nominal)
250000
Indicative Ask Price
102.083
Ask Yield to Worst
3.909%
Ask Yield to Call
3.909%
Next Call Date
16 Jun 2030
Credit Rating (Bond)
N.R
No Rating
Seniority
Subordinated
Investor Profile
 Stable Income Seeker
Chart
Created with Highcharts 9.3.2Bid Yield to WorstAsk Yield to WorstBid Yield to CallAsk Yield to Call26. May28. May30. May1. Jun3. Jun5. Jun7. Jun9. Jun11. Jun13. Jun15. Jun17. Jun19. Jun21. Jun3.8753.93.9253.953.97544.0254.05fundsupermart.com
Bond Information
Suntec Real Estate Investment Trust is a commercial real estate investment trust. The Trust invests in income-producing real estate that is primarily used for retail and/or office purposes.
Bond Issuer
Suntec REIT
Guarantor
-
Announcement Date
09 Jun 2025
Issue Date
16 Jun 2025
Maturity Date / Next Call Date
Perpetual / 16 Jun 2030
Years to Maturity / Next Call
Perpetual / 3.983
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
4.480
Coupon Type
Variable
Annual Coupon Rate (%)
4.48
Annual Coupon Frequency
Semi Annually
Seniority
Subordinated
Exchange Listed
SGX
Reference Rate
Reset Date: 17 June 2030 & every 5 years thereafter
Reset Rate: prevailing SGD 5Y-SORA OIS + Initial Spread (2.656%)
ISIN
SGXF56745627
CUSIP
YN2772831
Bond Currency
SGD
Total Issue Size
SGD 250,000,000
Minimum Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Registration
Wholesale
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Investment Trusts
Issuer Credit Rating (S&P/ Fitch)
***/N.R
Bond Credit Rating (S&P/ Fitch)
***/N.R
Shariah Compliant
No
W-8BEN Declaration needed
No
Bond Feature(s)
Non-Cumulative Deferral

If Non-Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement, any Distribution deferred pursuant to this Condition 4.6 (Distribution deferral) is non-cumulative and will not accrue distribution. The Issuer is not under any obligation to pay that or any other Distributions that have not been paid in whole or in part.

Optional Distribution:

If Optional Distribution is specified as being applicable in the applicable Pricing Supplement, the Issuer may, at its sole discretion, and at any time, elect to pay an optional amount equal to the amount of Distribution which is unpaid in whole or in part (an Optional Distribution) at any time by giving irrevocable notice of such election to the Perpetual Securityholders (in accordance with Condition 13 (Notices)) and the Trustee and the Issuing and Paying Agent, not more than 20 nor less than 10 Business Days (or such other notice period as may be specified in the applicable Pricing Supplement) prior to the relevant payment date specified in such notice (which notice is irrevocable and shall oblige the Issuer to pay the relevant Optional Distribution on the payment date specified in such notice). Any partial payment of outstanding Optional Distribution by the Issuer shall be shared by the Perpetual Securityholders or Couponholders of all outstanding Perpetual Securities and the Coupons related to them on a pro-rata basis. Further provisions relating to this Condition 4.6(f) (Optional Distribution) may be specified in the applicable Pricing Supplement.

Dividend Stopper

If Dividend Stopper is specified as being applicable in the applicable Pricing Supplement and on any Distribution Payment Date, payment of Distributions (including Arrears of Distribution and Additional Distribution Amount) scheduled to be made on such date is not made in full by reason of this Condition 4.6 (Distribution deferral), the Issuer shall not, and shall procure that none of its Subsidiaries shall, in respect of the Junior Obligations or the Parity Obligations:

(i) voluntarily declare or pay any dividends, distributions or make any other payment on, and will procure that no dividend, distribution or other payment is made on any of the Junior Obligations or (except on a pro rata basis) any of the Parity Obligations; or

(ii) voluntarily redeem, purchase, cancel, reduce, buy-back or otherwise acquire for any consideration on any of the Junior Obligations or (except on a pro rata basis) any of the Parity Obligations,

in each case, other than (1) in connection with any employee benefit plan or similar arrangements with or for the benefit of the employees, officers, directors or consultants of the Group (as defined in the Trust Deed) or (2) as a result of the exchange or conversion of the Parity Obligations for the Junior Obligations unless and until (x) (if Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) if the Issuer has made payment in whole (and not in part only) of all outstanding Arrears of Distributions and any Additional Distribution Amounts; or (y) (if Non-Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) a redemption of all the outstanding Perpetual Securities in accordance with Condition 6 (Redemption and Purchase) has occurred, the next scheduled Distribution has been paid in full, or an Optional Distribution equal to the amount of a Distribution payable with respect to the most recent Distribution Payment Date that was unpaid in full or in part, has been paid in full; or (z) when so permitted by an Extraordinary Resolution (as defined in the Trust Deed) of the Perpetual Securityholders.

Dividend Pusher: Not applicable
If Issuer Call is specified as being applicable in the applicable Pricing Supplement, the Issuer may, having given not less than 15 days’ nor more than 30 days’ notice to the Noteholders in accordance with Condition 14 (Notices) (or such other maximum and minimum notice period as may be specified in the applicable Pricing Supplement), which notice shall be irrevocable and shall specify the date fixed for redemption, redeem all or some only of the Notes then outstanding on any Optional Redemption Date and at the Optional Redemption Amount(s) specified in, or determined in the manner specified in, the applicable Pricing Supplement together, if appropriate, with interest accrued to (but excluding) the relevant Optional Redemption Date.

Redemption at the Option of Issuer: 17 June 2030 & on every distribution payment date thereafter at par
Redemption upon a Regulatory Event

If Redemption upon a Regulatory Event is specified as being applicable in the applicable Pricing Supplement, the Perpetual Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time (if this Perpetual Security is not a Floating Rate Perpetual Security or Dual Currency Distribution Perpetual Security) or on any Distribution Payment Date (if this Perpetual Security is a Floating Rate Perpetual Security or Dual Currency Distribution Perpetual Security), on giving not less than 30 nor more than 60 days’ notice (or such other maximum and minimum notice period as may be specified in the applicable Pricing Supplement) to the Trustee and the Issuing and Paying Agent and in accordance with Condition 13 (Notices), the Perpetual Securityholders (which notice shall be irrevocable) at their Early Redemption Amount, as specified in the applicable Pricing Supplement, together (if appropriate) with Distribution accrued to (but excluding) the date of redemption (including any Arrears of Distribution and any Additional Distribution Amount, if applicable) if, as a result of any change in, or amendment to, the Property Funds Appendix, or any change in the application or official interpretation of the Property Funds Appendix, the Perpetual Securities count or, in the Distribution Payment Period immediately following that Distribution Payment Date, will count towards the Aggregate Leverage under the Property Funds Appendix, provided that no such notice of redemption shall be given earlier than 90 days prior to the earliest date on which the Perpetual Securities will count towards the Aggregate Leverage.
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 (WORST)
22 Jun 2026101.700102.0833.9093.909
21 Jun 2026101.700102.0833.9103.910
18 Jun 2026101.667102.0503.9193.919
17 Jun 2026101.650102.0503.9193.919
16 Jun 2026101.650102.0503.9203.920
15 Jun 2026101.667102.0673.9163.916
14 Jun 2026101.717102.1173.9033.903
11 Jun 2026101.633102.0333.9263.926
10 Jun 2026101.600102.0333.9273.927
09 Jun 2026101.633102.0333.9283.928
Total of 65 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

There are no credit rating changes for this bond for the past 3 years.

Related Documents
pdfIcon
Offering Circular
U.S.$2,000,000,000 Euro Medium Term Securities Programme. Offering Circular dated 15 October 2020.
pdfIcon
Pricing Supplement
Issue of S$[•] Fixed Rate Subordinated Perpetual Securities under the U.S.$2,000,000,000 Euro Medium Term Securities Programme. Prelimary Pricing Supplement dated 10 June 2025.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
SUNSP 3.400% 27Mar2031 Corp (SGD)

Suntec REIT

 26 Mar 2031 102.868 2.752% p.a. ***/N.R
TRANSACT
SUNSP 2.950% 05Feb2027 Corp (SGD)

Suntec REIT

 04 Feb 2027 100.709 1.786% p.a. ***/N.R
TRANSACT
Total of 2 entries
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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
SGD 256,744.26
Years to Call
3 years 11+ months
Est. Total Income
SGD 44,800.00
Yield to Call
3.584%
Indicative Cash Flow
Nominal Value
SGD 250,000.00
  • 2030
    Jun
    Coupon
    SGD 5,600.00
    Early Redemption
    SGD 250,000.00
  • 2029
    Dec
    Coupon
    SGD 5,600.00
  • Jun
    Coupon
    SGD 5,600.00
  • 2028
    Dec
    Coupon
    SGD 5,600.00
  • Jun
    Coupon
    SGD 5,600.00
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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