BE ODD POST-TRANSACTION PAYMENT ENABLED BOND COMPLEXITY : MODERATE ISIN: SGXF53967174
TSHSP 7.500% 02Nov2027 Corp (SGD)
TUAN SING HOLDINGS LTD
Firm Bid Price
101.000
Bid Yield to Maturity
6.707%
Bid Yield to Call
10.080%
Min. Investment (Nominal)
5,000
Bid Volume
100,000
Firm Ask Price
103.000
Ask Yield to Maturity
5.176%
Ask Yield to Call
4.528%
Next Call Date
01 Nov 2026
Ask Volume
20,000
Credit Rating (Bond)
N.R
No Rating
Seniority
Senior Unsecured
Investor Profile
 High Yield Seeker
Chart
Created with Highcharts 9.3.2Chart context menuBid Yield to CallAsk Yield to CallBid Yield to MaturityAsk Yield to Maturity20. May22. May24. May26. May28. May30. May1. Jun3. Jun5. Jun7. Jun9. Jun11. Jun13. Jun15. Jun17. Jun24681012fundsupermart.com
Bond Information
Tuan Sing Holdings Limited operates as a holding company. The Company, through its subsidiaries, provides property development, property investment, and hotel ownership. Tuan Sing Holdings serves clients Singapore, China, Indonesia, and Australia.
Bond Issuer
Tuan Sing Holdings Ltd
Guarantor
-
Announcement Date
22 Oct 2023
Issue Date
01 Nov 2023
Maturity Date / Next Call Date
01 Nov 2027 / 01 Nov 2026
Years to Maturity / Next Call
1.364 / 0.364
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
7.500
Coupon Type
Fixed
Annual Coupon Rate (%)
7.5
Annual Coupon Frequency
Semi Annually
Seniority
Senior Unsecured
Exchange Listed
SGX
Reference Rate
-
ISIN
SGXF53967174
CUSIP
ZH6618842
Bond Currency
SGD
Total Issue Size
SGD 150,000,000
Minimum Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Registration
Wholesale
Bond Type
High Yield Corporate
Bond Sector
Financials
Bond Sub Sector
Real Estate Management and Development
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)
In the event that (a) the shares of the Issuer cease to be traded on the SGX-ST or (b) trading in the shares of the Issuer on the SGX-ST is suspended for a continuous period of more than 14 days (other than by reason of holiday, statutory or otherwise), the Issuer shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount together with interest accrued to (but excluding) the date fixed for redemption on any date on which interest is due to be paid on such Notes or, if earlier, the date falling 30 days after (in the case of (a)) the date of cessation of trading or (in the case of (b)) the business day immediately following the expiry of such continuous period of 14 days (in either case, the “Effective Date”). The Issuer shall within seven days after the Effective Date, give notice to the Trustee, the Issuing and Paying Agent and the Noteholders of the occurrence of the event specified in this paragraph (iii) (provided that any failure by the Issuer to give such notice shall not prejudice any Noteholder of such option). To exercise such option, the holder must deposit such Note (together with all unmatured Coupons) with the Issuing and Paying Agent at its specified office, together with an Exercise Notice in the form obtainable from the Issuing and Paying Agent or the Issuer (as applicable) not later than 21 days after the Effective Date. Any Note so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.
If, for any reason, a Change of Shareholding Event occurs, the Issuer will within seven days of such occurrence give notice to the Noteholders of the occurrence of such event (the “Notice”) and shall, at the option of the holder of any Note, redeem such Note at its Redemption Amount, together with interest accrued to (but excluding) the date fixed for redemption, on the date falling 60 days from the date of the Notice (or if such date is not a business day, on the next day which is a business day). To exercise such option, the holder must deposit such Note (together with all unmatured Coupons) with the Issuing and Paying Agent at its specified office, together with a duly completed option exercise notice in the form obtainable from the Issuing and Paying Agent or the Issuer (as applicable), no later than 30 days from the date of the Notice. Any Note so deposited may not be withdrawn (except as provided in the Agency Agreement) without the prior consent of the Issuer.

For the purposes of this Condition 5(e)(ii):

(1) a “Change of Shareholding Event” occurs when Ms Michelle Liem Mei Fung, Mr William Nursalim alias William Liem and Mr Tan Enk Ee and their respective Immediate Family Members cease to own in aggregate (whether directly or indirectly) at least 40 per cent. of the issued share capital of the Issuer; and

(2) “Immediate Family Members” means the father, mother, siblings, spouse, son(s) and daughter(s).
The Issuer may, by giving not less than 30 days’ nor more than 60 days’ prior notice to the Noteholders, redeem all, and not some only, of the Notes on any date falling after 2 November 2026 at 102 per cent. of the Denomination Amount of the Notes, together with interest accrued to (but excluding) the date fixed for redemption.
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)
18 Jun 2026100.500102.0007.2775.936
17 Jun 2026100.500102.0007.2795.939
16 Jun 2026100.500102.0007.2835.948
15 Jun 2026100.500102.0007.2855.951
14 Jun 2026100.500102.0007.2865.955
11 Jun 2026100.500102.0007.2875.958
10 Jun 2026100.500102.0007.2895.961
09 Jun 2026100.750102.5006.0135.596
08 Jun 2026100.750102.5006.0235.599
07 Jun 2026101.000102.7505.4055.418
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
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Pricing Supplement
S$150,000,000 7.50 Per Cent. Notes due 2027. Pricing Supplement dated 1 November 2023.
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Offering Circular
S$900,000,000 Multicurrency Medium Term Note Programme (the “Programme”). Information Memorandum Dates 13 October 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

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  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
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Note
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Potential Income Explained
EDIT
Est. Payable Amount
SGD 5,223.53
Years to Call
4+ months
Est. Total Income
SGD 187.50
Yield to Call
-
Indicative Cash Flow
Nominal Value
SGD 5,000.00
  • 2026
    Nov
    Coupon
    SGD 187.50
    Early Redemption
    SGD 5,100.00
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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