BE ODD POST-TRANSACTION PAYMENT ENABLED BOND COMPLEXITY : HIGH ISIN: SGXF10875296
AAREIT 5.375% Perpetual Corp (SGD)
AIMS APAC REIT
Firm Bid Price
100.400
Bid Yield to Worst
3.206%
Bid Yield to Call
3.206%
Min. Investment (Nominal)
5,000
Bid Volume
100,000
Firm Ask Price
100.800
Ask Yield to Worst
1.141%
Ask Yield to Call
1.141%
Next Call Date
31 Aug 2026
Ask Volume
100,000
Credit Rating (Bond)
N.R
No Rating
Seniority
Subordinated
Investor Profile
 Stable Income Seeker
Chart
Created with Highcharts 9.3.2Chart context menuBid Yield to WorstAsk Yield to WorstBid Yield to CallAsk Yield to Call20. May22. May24. May26. May28. May30. May1. Jun3. Jun5. Jun7. Jun9. Jun11. Jun13. Jun15. Jun17. Jun1234fundsupermart.com
Bond Information
AIMS APAC REIT Management Limited is a real estate investment trust. The Trust's principal investment objective is owning and investing in a diversified portfolio of income-producing industrial real estate assets in Singapore and Asia, including warehouse and logistics centers, manufacturing, business parks and hi-tech spaces.
Bond Issuer
AIMS APAC REIT
Guarantor
-
Announcement Date
22 Aug 2021
Issue Date
31 Aug 2021
Maturity Date / Next Call Date
Perpetual / 31 Aug 2026
Years to Maturity / Next Call
Perpetual / 0.200
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
5.375
Coupon Type
Variable
Annual Coupon Rate (%)
5.375
Annual Coupon Frequency
Semi Annually
Seniority
Subordinated
Exchange Listed
SGX
Reference Rate
Reset Date: 1 Sep 2026 and every 5 years thereafter
Reset Rate: Prevailing SGD 5Y SORA OIS plus the Initial Spread (4.654%)
ISIN
SGXF10875296
CUSIP
BR1269579
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 set out on the face of the relevant Perpetual Security, any distribution deferred pursuant to this Condition 4(IV) is non-cumulative and will not accrue interest. The Issuer is not under any obligation to pay that or any other distributions that have not been paid in whole or in part. The Issuer may, at its sole discretion, and at any time, elect to pay an amount up to the amount of distribution which is unpaid (“Optional Distribution”) (in whole or in part) by complying with the notice requirements in Condition 4(IV)(e). There is no limit on the number of times or the extent of the amount with respect to which the Issuer can elect not to pay distributions pursuant to this Condition 4(IV).

Any partial payment of outstanding Optional Distribution by the Issuer shall be shared by the holders of all outstanding Perpetual Securities and the Coupons related to them on a pro rata basis.

Dividend Stopper

If Dividend Stopper is set out on the face of the relevant Perpetual Security and on any Distribution Payment Date, payments of all distribution scheduled to be made on such date are not made in full by reason of this Condition 4(IV), the Issuer shall not and shall procure that none of the subsidiaries of AA REIT shall:

(i) 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 Issuer’s Junior Obligations or (except on a pro rata basis) any of the Issuer’s Specified Parity Obligations; or

(ii) redeem, reduce, cancel, buy-back or acquire for any consideration, and will procure that no redemption, reduction, cancellation, buy-back or acquisition for any consideration is made in respect of, any of the Issuer’s Junior Obligations or (except on a pro rata basis) any of the Issuer’s Specified 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, directors or consultants of the Group or (2) as a result of the exchange or conversion of Specified Parity Obligations of the Issuer for the Junior Obligations of the Issuer, unless and until (A) (if Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) the Issuer has satisfied in full all outstanding Arrears of Distribution, (B) (if Non-Cumulative Deferral is specified as being applicable in the applicable Pricing Supplement) a redemption of all the outstanding Perpetual Securities 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 (C) the Issuer is permitted to do so (or to procure or permit the subsidiaries of AA REIT to do so) by an Extraordinary Resolution (as defined in the Trust Deed) of the Perpetual Securityholders and/or as otherwise specified in the applicable Pricing Supplement.

Dividend Pusher: Not applicable
If so provided hereon, the Issuer may, on giving irrevocable notice to the Perpetual Securityholders falling within the Issuer’s Redemption Option Period shown on the face hereof, redeem all or, if so provided, some of the Perpetual Securities at their Redemption Amount or integral multiples thereof and on the date or dates so provided. Any such redemption of Perpetual Securities shall be at their Redemption Amount, together with distribution accrued (including any Arrears of Distribution and any Additional Distribution Amount) to (but excluding) the date fixed for redemption.

Callable on [1] September 2026 & on every distribution payment date thereafter at par.

Redemption upon Cessation or Suspension of Trading of Units

If so provided hereon, in the event that (i) the units of AA REIT cease to be listed and/or traded on the SGX-ST or (ii) trading in the units of AA REIT on the SGX-ST is suspended for a continuous period exceeding 10 consecutive market days (each, a “Cessation or Suspension of Trading Event”), the Perpetual Securities may be redeemed at the option of the Issuer in whole, but not in part, on any Distribution Payment Date or, if earlier, the date falling 45 days after the Effective Date, at their Redemption Amount (together with distribution (including Arrears of Distribution and any Additional Distribution Amount) accrued to (but excluding) the date fixed for redemption). The Issuer shall forthwith (and in any event not later than seven days after the Effective Date) notify the Trustee, the Principal Paying Agent and the Perpetual Securityholders of the occurrence of the event specified in this Condition 5(g).
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)
18 Jun 2026100.368100.7351.4761.476
17 Jun 2026100.368100.7351.5291.529
16 Jun 2026100.377100.7601.5591.559
15 Jun 2026100.377100.7601.6081.608
14 Jun 2026100.410100.7601.6561.656
11 Jun 2026100.410100.7601.7031.703
10 Jun 2026100.493100.8431.3651.365
09 Jun 2026100.493100.8431.5101.510
08 Jun 2026100.493100.8601.4811.481
07 Jun 2026100.493100.8601.5261.526
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
Pricing Supplement
S$250,000,000 5.375 Per Cent. Subordinated Perpetual Securities. The date of this Pricing Supplement is 30 August 2021.
pdfIcon
Offering Circular
S$750,000,000 Multicurrency Debt Issuance Programme. Information Memorandum Dated 30 November 2018.
pdfIcon
Preliminary Pricing Supplement
Preliminary Pricing Supplement Dated 23 August 2021.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
AAREIT 4.100% Perpetual Corp (SGD)

AIMS APAC REIT

 20 Jan 2031
(Next Call Date)		 101.550 3.728% p.a. ***/N.R
TRANSACT
AAREIT 4.250% Perpetual Corp (SGD)

AIMS APAC REIT

 08 Sep 2031
(Next Call Date)		 101.543 3.919% p.a. ***/N.R
TRANSACT
AAREIT 4.700% Perpetual Corp (SGD)

AIMS APAC REIT

 17 Mar 2030
(Next Call Date)		 102.875 3.864% p.a. ***/N.R
TRANSACT
Total of 3 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 5,143.02
Years to Call
2+ months
Est. Total Income
SGD 134.38
Yield to Call
-
Indicative Cash Flow
Nominal Value
SGD 5,000.00
  • 2026
    Aug
    Coupon
    SGD 134.38
    Early Redemption
    SGD 5,000.00
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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