CapitaMalls Asia offers first retail bond in 2012 paying 3.8% per year to public, with step-up to 4.5%

Transcription

1 Not for distribution in or into the United States CapitaMalls Asia offers first retail bond in 2012 paying 3.8% per year to public, with step-up to 4.5% Singapore China Malaysia Japan India 3 January 2012

2 Important Notice NOT FOR DISTRIBUTION IN OR INTO THE UNITED STATES These materials are qualified in its entirety by, and should be read in conjunction with, the full text of the offer information statement dated 3 January 2012 (the Offer Information Statement ) lodged with the Monetary Authority of Singapore (the Authority ) on 3 January A printed copy of the Offer Information Statement may be obtained on request, subject to availability, during operating hours from selected branches of DBS Bank Ltd. (including POSB). A copy of the Offer Information Statement is also available on the Authority s OPERA website at Anyone wishing to subscribe for the Bonds should read the Offer Information Statement in full and must make an application in the manner set out in the Offer Information Statement. These materials are not, and do not purport to be, investment advice. Investors should also consult their own legal, tax, accounting, financial and other professional advisers to assist them in determining the suitability of the Bonds for them as an investment. Investors should make an investment only after they have determined that such investment is suitable for their financial investment objectives. Investors should consider carefully whether the Bonds are suitable for them in light of their experience, objectives, financial position and other relevant circumstances. These materials are not a prospectus nor do they constitute an invitation or offer to acquire, purchase or subscribe for the Bonds in any other jurisdiction where it is unlawful to do so. These materials may not be forwarded to any other person and may not be reproduced in any manner whatsoever. Any forwarding, distribution or reproduction of these materials in whole or in part is unauthorized. Nothing in these materials constitutes an offer of securities for sale in the United States or any other jurisdiction where it is unlawful to do so. Neither these materials nor any copy or portion of it may be sent or taken, transmitted or distributed, directly or indirectly, into the United States. The Bonds have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the Securities Act ) or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold, resold, transferred or delivered directly or indirectly, within the United States, except in certain transactions exempt from the registration requirements of the Securities Act. In the event of any ambiguity, discrepancy or omission between these materials and the Offer Information Statement, the contents of the Offer Information Statement shall apply and prevail. 2

3 Rationale of Bonds Offering to Public Strategic diversification of funding sources and optimisation of capital structure Active management of debt maturity profile and composition Offers opportunity for public to invest in fixed income and capital protected investment Builds corporate branding and profile Bank loans Local Foreign Fund managers Sophisticated investors Corporate bonds Diversified debt funding sources Retail bonds General public 3

4 Overview of Retail Bonds Issuer SIA CMA CMT F&N Issue Date 30-Sep Jan Feb Mar-11 Tenor 5Y 1Y and 3Y 2Y 5Y and 7Y Coupon 2.15% 1Y: 1.00% 3Y: 2.15% 2.00% 5Y: 2.48% 7Y: 3.15% Source: Bloomberg 4

5 Investor Interest in Previous Retail Bond Offerings SIA to sell five-year bonds worth S$300m (Channel NewsAsia, 21 September 2010) SIA offers bonds to retail investors (Straits Times, 22 September 2010) CapitaMall Trust expands bond offering to S$300m (TODAY, 26 February 2011) CMA raises S$200m from bonds issue (Business Times, 22 January 2011) CapitaMalls Asia's bonds oversubscribed (Channel NewsAsia, 21 January 2011) F&N offers $300m bonds (Business Times, 17 March 2011) 5

6 Why Bond with Us? Caters to investors looking for attractive fixed income and capital protected investments Listed and tradable on the Main Board of the SGX-ST Low minimum investment of S$2,000 under the Public Offer, S$50,000 under the Placement; tradable in board lots of S$1,000 Interest rate of 3.8% per annum for Year 1 to 5; step-up interest to 4.5% per annum for Year 6 to 10, if the Bonds are not redeemed early at the option of the Issuer Annually callable by Issuer, in full or in part, on and after 12 January 2017 (Year 5) Full principal protection and redemption at maturity The Bonds are guaranteed by CapitaMalls Asia Limited 6

7 Offer Summary Issuer Guarantor Listing Issue Size CapitaMalls Asia Treasury Limited a wholly-owned subsidiary of CapitaMalls Asia Limited CapitaMalls Asia Limited Main Board of SGX-ST Up to S$200 million in Initial Bonds which shall comprise: An initial offering of up to S$100 million bonds under the Public Offer An initial offering of up to S$100 million under the Placement Provided that in the event of oversubscription for the offer of the Initial Bonds, the Issuer shall have the right to issue Optional Bonds of up to an additional S$200 million Maturity Date 12 January 2022 Redemption Redeemable yearly at the option of the Issuer at par on and after 12 January

8 Offer Summary Interest for Year 1 to 5 3.8% per annum Interest for Year 6 to 10 Interest Payment Date Issue Price 4.5% per annum if the Bonds are not redeemed early on 12 January 2017 Payable half-yearly in arrear on 12 January and 12 July of each year S$1 per S$1 in principal amount of the Bonds (being 100% of the principal amount of the Bonds) Sole Bookrunner and Lead Manager 8

9 Application Details Minimum Application Amount Opening date and time Closing date and time Expected Issue Date of the Bonds Expected date of commencement of trading of the Bonds Public Offer via ATMs of DBS Bank (including POSB), OCBC Bank and UOB Group and internet banking websites of DBS Bank and UOB Group S$2,000 and incremental multiples of S$1, am 4 January 2012 (Wednesday) 2.00 pm 9 January 2012 (Monday) 12 January 2012 (Thursday) 13 January 2012 (Friday) Placement S$50,000 and incremental multiples of S$1, pm 3 January 2012 (Tuesday) 2.00 pm 9 January 2012 (Monday) 9