Common use of Fixed Rate of Interest Clause in Contracts

Fixed Rate of Interest. (i) The Notes will bear interest from the date of issue to but excluding May 25, 2021 at a fixed annual rate of 3.85% payable in semi-annual installments on May 25 and November 25 of each year, with the first interest payment due on November 25, 2016 and the last interest payment due on May 25, 2021. (ii) The Notes will bear interest from and including May 25, 2021 to but excluding May 25, 2026 at a fixed rate of interest equal to the 5-year SGD Swap Rate plus 1.97% payable in semi-annual installments on May 25 and November 25 of each year, commencing November 25, 2021. The Corporation shall provide to the Trustee in writing its interest calculation in respect of such period.

Fixed Rate of Interest. (i) The Notes will bear interest from the date of issue to but excluding May 25November 21, 2021 2024 at a fixed annual rate of 3.853.00% payable in semi-annual installments on May 25 21 and November 25 21 of each year, with the first interest payment due on November 25May 21, 2016 2018 and the last interest payment due on May 25November 21, 20212024. (ii) The Notes will bear interest from and including May 25November 21, 2021 2024 to but excluding May 25November 21, 2026 2029 at a fixed rate of interest equal to the 5-year SGD Swap Rate plus 1.970.832% payable in semi-annual installments on May 25 21 and November 25 21 of each year, commencing November 25May 21, 20212025. The Corporation shall provide to the Trustee in writing its interest calculation in respect of such period.