Bond Highlight

 

No.

Issued Date

Description

Total (USD)

Due Date

Coupon p.a.

Redeemed on Date

1.

11 April 2014

Theta Capital Senior Notes

150.000.000

2022

7,000%

-

2.

10 August 2016

Theta Capital Senior Notes

260.000.000

2022

7,000%

-

3.

31 October 2016

Theta Capital Senior Notes

425.000.000

2026

6,750%

-

4.

5 June 2018

Theta Capital Senior Notes

75.000.000

2020

9,625%

-

 

The use of Proceeds of Bonds Issuance

  1. USD150,000,000, 7.0% p.a, Senior Notes due 2022, were issued in April 2014. The proceeds were used as follows:
  2. a.   Approximately 80% for development of new properties that generate recurring revenue, including hospitals and retail malls.

    b.    The remaining was for working capital.

    The offering price was 100.00 (par), resulting final yield at 7.0%. This bond was appealing to the investors in that it reached an order book over USD900 million or 6.3x oversubscribed. This bond was rated as Ba3 from Moody’s, BB- from S&P, and BB- from Fitch.

  3. USD260,000,000, 7.0% p.a, Senior Notes due 2022, issued in August 2016. The proceeds were used to redeem the USD250,00,000 bond, 7.0% p.a, which was due in 2019. Redemption of 2019 Bond was completed on September 9, 2016. The 2022 Bond was rated Ba3 from Moody’s, BB- from S&P, and BB- from Fitch.

  4. USD425,000,000, 6.75% p.a, Senior Notes due 2026, issued in October 2016. The proceeds were used to redeem USD403,306,000, 6.125% p.a, Senior Notes due 2020. The Redemption of Senior Notes due 2020 completed on November 30, 2016. This Senior Notes due 2026 was rated Ba3 from Moody’s, B+ from S&P, and BB- from Fitch.

  5. USD75,000,000, 9.625% p.a, Senior Notes due 2020, which was issued on June 5, 2018. The proceeds of this bond were used to pay the Company’s syndicated loan amounting to USD65 million. 

Highlight of 2019

  1. Current Credit Rating is available from Moody's, S&P and Fitch.