Astrea 7 bond

It is offering 277 million of Class A-1 Bonds and US100 million 138 million of Class B Bonds to retail investors in Singapore. The Sun and the New York herald.

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Class A-1 A-2 and B backed by cash flows from a US19 billion portfolio of investments in 38 Private Equity FundsOnly Class A-1 and B bonds are available for application.

. However we have to recognise that the current interest rate environment is lower than when Astrea IV and V were issued. The indicative total size of the new issuance called Astrea 7 is US755 million. 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.

Class A-1 Bonds offering 4125 per annum and Class B. The bonds will rely on the cash flow from the underlying companies in the private equity funds to pay the interest coupon. Astrea 7 Bonds Preview.

Class A-1 Bonds of Astrea VI PE Bonds will pay investors 300 pa. The bonds received orders over 3bn 6x issue size. The proceeds will be used for refinancing of green assets according to its Green Financing Framework dated September 24 2020.

Astrea is a series of bonds that are issued by a holding company that also held private equity funds as assets. Joined Jul 16 2020 Messages 15144 Reaction score 3988. The indicative total size of the new issuance called Astrea 7 is US755 million.

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. The reallocation of class A bond principal did not result in a change to the cumulative LTV of Astrea 7s rated bonds. This will be the 4th bond from Azalea with.

Astrea 7 or the issuer as seen in the table above. Astrea V 385 for Class A-1. AZALEA Asset Management an indirect subsidiary of Temasek Holdings is launching a new series of bonds back by 38 private equity PE funds.

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. 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. Temaseks Azalea launches Astrea 7 PE-backed bonds.

Ltd a wholly-owned subsidiary of Azalea. 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. Temaseks indirect subsidiary Azalea has launched an Astrea 7 bond backed by 38 Private Equity PE funds.

It also raised 650mn via a 4NC3 bond at a yield of 4131 15bp inside initial guidance of UKT280bp area. Fitch Ratings expects to rate the class A-1 A-2 and B bonds to be issued by Astrea 7 Pte. 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.

Astrea V 385 for Class A-1. Most likely the Astrea 5 bonds will be called back in 1 to 2 years. The new Astrea 7 Bonds are private equity bonds with Astrea 7 Bonds interest rates of up to 6 pa.

In this issue of Astrea 7 the bonds is tied to 38 PE private equity funds. The initial price guidance for Class A-1 A-2 and B bonds are 4375 5625 and 6375 respectively but are also subject to change. 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. Similarly to the past launches there are three classes of bonds. The indicative total size of the new issuance called Astrea 7 is.

It is around 396 per cent of the underlying PE portfolio valued at US19 billion. Interest rates to be decided. Application will close on 25 May 2022 12pm.

The quantum is subject to change because Astrea 7s prospectus is preliminary. Astrea 7 bond application begins today 20 may 22 at 9am. Astrea 7 or the issuer as seen in the table above.

14 hours agoOn 19 May 2022 Azalea Investment Management launched its latest batch of Astrea private equity PE bonds for public subscriptions. Astrea VI bonds are issued by Astrea VI Pte. The reallocation of class A bond principal did not result in a change to the cumulative LTV of Astrea 7s rated bonds.

1 day agoToday Azalea Asset Management has released the Astrea 7 bonds for application. There will be two types of bonds available to retail investors. AZALEA Asset Management an indirect subsidiary of Temasek Holdings is launching a new series of bonds back by 38 private equity PE funds.

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. The indicative total size of the new issuance called Astrea 7 is US755 million. The Singaporean state-owned investment firm could have raised more than 4bn for its private equity-backed portfolio.

Here is all you need to know about them including risks and all. The bonds received orders over 11bn 17x 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.

Astrea 7 is a private equity PE collateralized fund obligation CFO backed by interests in a diversified pool of alternative investment funds with approximately USD19 billion in net asset value NAV and. 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. Today at 237 PM.

When you compare this to when Astrea IV 435 and Astrea V 385 first offered its Class A-1 Bonds the interest is slightly lower. 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. 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.

Astrea is a series of bonds that are issued by a holding company that also held private equity funds as assets. Azalea is an indirect wholly-owned subsidiary of Temasek Holdings Private Limited with the aim is to make private equity accessible to retail investors as it usually require a high amount of investment capital. There will be two types of bonds available to retail investors.

Astrea 7 Pte. The size of the transaction is about 755mn or S105bn 396 of its underlying PE portfolio valued at 19bn.

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