Astrea 7 bond

Astrea 7 PE Bond investors face typical risks such as default interest rate liquidity inflation risks exchange rate risks adverse macro-economic or market conditions including those arising from rising inflation andor interest rates armed conflicts or a pandemic and other risks specific to private equity investments such as. Temaseks indirect subsidiary Azalea has launched an Astrea 7 bond backed by 38 Private Equity PE funds.

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The Prospectus in respect of the offering by Astrea 7 Pte.

. The issuance will have 3 classes of bonds A-1 A-2 and B but only Class A-1 and Class B bonds will be made available to retail investors according to a preliminary. The indicative total size of the new issuance called Astrea 7 is US755 million. 1 day agoThe public offer of Astrea 7 PE bonds comprises S280 million in Class A-1 bonds which pay a fixed interest rate of 4125 per cent per annum above the coupon for Class A-1 bonds in the previous Astrea V and VI issuances.

Astrea V 385 for Class A-1. The issuance is expected to have three classes of bonds namely A-1 A-2 and B but only Class A-1 and Class B bonds will be made available to retail. 18 hours agoBy My Sweet Retirement May 19 2022.

Astrea 7 marks the seventh series of asset-backed securities offered by the Group and the cash flows are backed by a portfolio of 38 private equity PE funds with over 982 investee companies. Class A-1 Bonds offering 4125 per annum and Class B. It is offering 277 million of Class A-1 Bonds and US100 million 138 million of Class B Bonds to retail investors in Singapore.

It is around 396 per cent of the underlying PE portfolio valued at US19 billion. The Astrea 7 bonds will be backed by cash flows from a US19 billion portfolio of investments in 38 private equity funds PHOTO. The indicative total size of the new issuance called Astrea 7 is US755 million.

The bonds will rely on the cash flow from the underlying companies in the private equity funds to pay the interest coupon. There will be two types of bonds available to retail investors. All the Astrea bond issues have been kind to smaller investors.

Astrea 7 or the issuer as seen in the table above. The proceeds will be used for refinancing of green assets according to its Green Financing Framework dated September 24 2020. Astrea 7 which lodged its prospectus on May 6 offers 3 classes of PE Bonds Classes A-1 A-2 and B backed by cash flows from a diversified portfolio of PE funds.

Astrea 7 bond application begins today 20 may 22 at 9am. The reallocation of class A bond principal did not result in a change to the cumulative LTV of Astrea 7s rated bonds. Retail investors can also apply for Class B bonds which pay a higher fixed interest rate of 6 per cent per annum.

The resizing of tranches resulted in slightly more negative cash flow modelling results for the A-1 bonds due to the higher LTV but did not materially change Fitchs overall analysis which supported todays affirmation of the. Astrea 7 Pte. Bondsupermart 9 March 2021 In a simplistic way of looking at all three different private equity-backed retail bonds available to us we can tell that the market is pricing in a premium of 0291 for an approximately one-year difference in maturity date between Astrea IV and Astrea V.

The Singaporean state-owned investment firm could have raised more than 4bn for its private equity-backed portfolio. The reallocation of class A bond principal did not result in a change to the cumulative LTV of Astrea 7s rated bonds. Class A-1 Bonds with a fixed interest rate of 4125 per annum and Class B Bonds with a fixed interest rate of 6 per annum.

Temasek-linked Astrea 7 is pricing three classes of private-equity bonds with public and institutional tranches according to a client note seen by Shenton Wire Wednesday. Astrea is a series of bonds that are issued by a holding company that also held private equity funds as assets. Fitch Ratings expects to rate the class A-1 A-2 and B bonds to be issued by Astrea 7 Pte.

Class A-1 A-2 and B backed by cash flows from a US19 billion portfolio of investments in 38 Private Equity Funds. The bonds received orders over 3bn 6x issue size. Out of a total indicative size of USD 755m Class A-1 bonds will have an allocation of USD 380m SGD 526m while Class A-2 and B will have a.

The bonds received orders over 11bn 17x issue size. Astrea is a series of bonds that are issued by a holding company that also held private equity funds as assets. Fri 06 May 2022 - 349 PM ET.

The quantum is subject to change because Astrea 7. The size of the transaction is about 755mn or S105bn 396 of its underlying PE portfolio valued at 19bn. Huat ah Astrea VI allocation.

PIXABAY The indicative total size of the new issuance called Astrea 7 is US755 million. Astrea 7 is a private equity PE collateralized fund obligation CFO backed by interests in a diversified pool of alternative investment funds. A all applications of less than S50000 for Class A-1 Bonds or less than US.

12 hours agoOn 19 May 2022 Azalea Investment Management launched its latest batch of Astrea private equity PE bonds for public subscriptions. AZALEA investment management on Thursday May 19 launched its latest batch of Astrea private equity PE bonds for public subscription with retail investors having access to Class B bonds that pay a higher fixed interest rate for the first time. In this issue of Astrea 7 the bonds is tied to 38 PE private equity funds.

For the most recent Astrea VI issue those who applied up to 8k were fully allotted. Application will close on 25 May 2022 12pm. Astrea is sponsored by Astrea Capital which is a wholly owned subsidiary of Azalea Asset Management which in turn is wholly owned by Singapore state-owned investment.

It also raised 650mn via a 4NC3 bond at a yield of 4131 15bp inside initial guidance of UKT280bp area. There will be two types of bonds available to retail investors. Most likely the Astrea 5 bonds will be called back in 1 to 2 years.

Depending on demand Astrea 7 plans to allocate valid applications as follows. Today Azalea Asset Management has released the Astrea 7 bonds for application. Of the Class A-1 Bonds and Class B Bonds in Singapore is available for collection at selected DBSPOSB branches during operating hours until 1200 noon on 25 May 2022 and anyone wishing to acquire the Class A-1 Bonds andor Class B Bonds will need to make an application in the.

Astrea VI will mature more than one and a half year later than Astrea V and is. I noticed that the credit quality of Astrea 7 Class A-2 and B are lower than the Astrea 5 issue based on Fitch Rating. Similarly to the past launches there are three classes of bonds.

But aside from that the term of the Astrea 5 is shorter than the Astrea 7 but the yield is also lower so we cannot really assess the quality difference between Astrea 5 and 7.

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