POST-TRANSACTION PAYMENT ENABLED BOND COMPLEXITY : MODERATE ISIN: XS2342248593
AACTEC 3.750% 02Jun2031 Corp (USD)
AAC TECHNOLOGIES HOLDINGS INC.
Indicative Bid Price
93.648
Bid Yield to Maturity
5.227%
Bid Yield to Call
5.298%
Min. Investment (Nominal)
200000
Indicative Ask Price
94.054
Ask Yield to Maturity
5.129%
Ask Yield to Call
5.195%
Next Call Date
01 Mar 2031
Credit Rating (Bond)
No Rating
Seniority
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 Maturity26. May28. May30. May1. Jun3. Jun5. Jun7. Jun9. Jun11. Jun13. Jun15. Jun17. Jun19. Jun21. Jun23. Jun55.15.25.35.4fundsupermart.com
Bond Information
AAC Technologies Holdings Inc. designs, develops and manufactures a broad range of miniaturized components that include speakers, receivers and microphones in the acoustic segment. The Company produces these components for mobile devices such as smartphones, tablets, wearables, ultrabooks, notebooks and electronic book-readers.
Bond Issuer
AAC Technologies Holdings Inc.
Guarantor
-
Announcement Date
24 May 2021
Issue Date
01 Jun 2021
Maturity Date / Next Call Date
01 Jun 2031 / 01 Mar 2031
Years to Maturity / Next Call
4.938 / 4.686
Issue/Reoffer Price
99.193
Issue/Reoffer Yield
3.848
Coupon Type
Fixed
Annual Coupon Rate (%)
3.75
Annual Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
HKEX
Reference Rate
-
ISIN
XS2342248593
CUSIP
BP7700860
Bond Currency
USD
Total Issue Size
USD 290,123,000
Minimum Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Registration
Wholesale
Bond Type
Corporate
Bond Sector
Information Technology
Bond Sub Sector
Electronic Equipment, Instruments and Components
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)
At any time following the occurrence of a Change of Control, the Holder of any Note will have the right, at such Holder's option, to require the Issuer to redeem all but not some only of that Holder's Notes on the Put Settlement Date at 101 per cent. of their principal amount together with accrued interest to (but not including) such Put Settlement Date. To exercise such right, the Holder of the relevant Note must deposit at the Specified Office of any Paying Agent a duly completed and signed notice of redemption, in the form for the time being current, obtainable from the Specified Office of any Paying Agent (a ''Put Exercise Notice''), together with the Note Certificates evidencing the Notes to be redeemed by not later than 30 days following a Change of Control, or, if later, 30 days following the date upon which notice thereof is given to Noteholders by the Issuer in accordance with Condition 15 (Notices). The ''Put Settlement Date'' shall be the 14th day after the expiry of such period of 30 days as referred to above.

a ''Change of Control'' occurs when:

(a) the Permitted Holders and their respective Related Persons, acting together cease to, directly or indirectly, Control the Issuer; or

(b) the Permitted Holders and their respective Related Persons, acting together, cease to be the largest holder of the Capital Stock or the Voting Stock (whether through direct or indirect shareholding (including beneficial ownerships)) of the Issuer; or

(c) the Issuer consolidates with or merges into or sells or transfers all or substantially all of its assets to any Person (other than any Permitted Holder or any of his/her Related Persons), unless the consolidation, merger, sale or transfer will not result in the other Person or Persons acquiring Control over the Issuer or the successor entity;

''Control'' or used as a verb ''Control(s)'' means, with respect to any Person, (a) the acquisition or holding of legal or beneficial ownership or control of more than the Relevant Percentage of the Voting Rights of the issued share capital of such Person, or (b) the right to appoint and/or remove all or the majority of the members of such Person's board of directors or other governing body, whether obtained directly or indirectly, and whether obtained by ownership of share capital, the possession of Voting Rights, contract or otherwise;
The Notes may be redeemed at the option of the Issuer (x) in whole, but not in part, at any time before 2 March 2031, or (y) in whole, but not in part, on or after 2 March 2031, on giving not less than 21 nor more than 60 days’ notice to the Noteholders (each an ‘‘Optional Redemption Notice’’) (which notice shall be irrevocable):

(i) (in the case of a Call Settlement Date falling before 2 March 2031) at their Make Whole Amount, together with interest accrued to such Call Settlement Date specified in the relevant Optional Redemption Notice; and

(ii) (in the case of a Call Settlement Date falling on or after 2 March 2031) at 100 per cent. of the principal amount of the Notes to be redeemed, together with interest accrued to such Call Settlement Date specified in the relevant Optional Redemption Notice.

‘‘Make Whole Amount’’ means, with respect to each Note at the Call Settlement Date, (i) the principal amount of such Note or, if this is higher (ii) the amount equal to the sum of the present value of the principal amount of such Note, together with the present values of the interest payable in the relevant Interest Periods from the Call Settlement Date to the Maturity Date, in each case, discounted to the Call Settlement Date on a semi-annual compounded basis at the U.S. Treasury Rate plus 0.35 per cent., all as determined by the Independent Investment Bank;
The Notes may be redeemed at the option of the Issuer (x) in whole, but not in part, at any time before 2 March 2031, or (y) in whole, but not in part, on or after 2 March 2031, on giving not less than 21 nor more than 60 days’ notice to the Noteholders (each an ‘‘Optional Redemption Notice’’) (which notice shall be irrevocable):

(i) (in the case of a Call Settlement Date falling before 2 March 2031) at their Make Whole Amount, together with interest accrued to such Call Settlement Date specified in the relevant Optional Redemption Notice; and

(ii) (in the case of a Call Settlement Date falling on or after 2 March 2031) at 100 per cent. of the principal amount of the Notes to be redeemed, together with interest accrued to such Call Settlement Date specified in the relevant Optional Redemption Notice.
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)
23 Jun 202693.64894.0545.1955.129
22 Jun 202693.66694.0715.1905.124
21 Jun 202693.62693.9175.2285.160
18 Jun 202693.79994.2135.1535.089
17 Jun 202693.82594.2415.1455.081
16 Jun 202694.05194.4675.0865.025
15 Jun 202693.98794.4045.1015.040
14 Jun 202694.04094.4565.0885.027
11 Jun 202693.85094.2675.1345.071
10 Jun 202693.57993.9765.2065.140
Total of 65 entries
10 / Page
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
Preliminary Offering Circular
AAC Technologies Holdings Inc. Preliminary Offering Circular Dated 21 May 2021.
pdfIcon
Offering Circular
U.S.$350,000,000 3.750 per cent. Notes Due 2031. Offering Circular dated 25 May 2021.
Related Bonds

No data available

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Platform Fee
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Potential Income Explained
Est. Payable Amount
USD 189,600.17
Years to Call
4 years 7+ months
Est. Total Income
USD 35,625.00
Yield to Call
4.890%
Indicative Cash Flow
Nominal Value
USD 200,000.00
  • 2031
    Mar
    Coupon
    USD 1,875.00
    Early Redemption
    USD 200,000.00
  • 2030
    Dec
    Coupon
    USD 3,750.00
  • Jun
    Coupon
    USD 3,750.00
  • 2029
    Dec
    Coupon
    USD 3,750.00
  • Jun
    Coupon
    USD 3,750.00
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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