Astrea 7 bond

Class A-1 A-2 and B backed by cash flows from a US19 billion portfolio of investments in 38 Private Equity Funds. The indicative total size of the new issuance called Astrea 7 is US755 million.

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Astrea VI will mature more than one and a half year later than Astrea V and is.

. Temaseks indirect subsidiary Azalea has launched an Astrea 7 bond backed by 38 Private Equity PE funds. Astrea 7 or the issuer as seen in the table above. 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 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 company. Ltd a wholly-owned subsidiary of Azalea. 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.

Application will close on 25 May. Fri 06 May 2022 - 349 PM ET. Retail investors can also apply for Class B bonds which pay a higher fixed interest rate of 6 per cent per annum.

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. 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. Class A-1 Bonds offering 4125 per annum and Class B.

Astrea 7 Pte. Today Azalea Asset Management has released the Astrea 7 bonds for application. The bonds will rely on the cash flow from the underlying companies in the private equity funds to pay the interest coupon.

The bonds issued by Astrea 7 will be backed by cash flows generated by the funds. The proceeds will be used for refinancing of green assets according to its Green Financing Framework dated September 24 2020. The Prospectus in respect of the offering by Astrea 7 Pte.

Astrea 7 offers three classes of bonds. AZALEA Asset Management an indirect subsidiary of Temasek Holdings is launching a new series of bonds back by 38 private equity PE funds. The transaction is expected to consist of approximately USD19 billion in net asset value NAV of funded commitments and USD250 million of unfunded capital commitments across 38 funds.

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. 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. On May 19 2022 By My Sweet Retirement In Money Management.

This will be the 4th bond from Azalea with. The Astrea 7 bonds will be backed by cash flows from a US19 billion portfolio of investments in 38 private equity funds PHOTO. 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. Interest rates to be decided. 14 hours 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.

Heres our latest update on the finalised yields. 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. 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.

Temaseks Azalea launches Astrea 7 PE-backed bonds. 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. In this issue of Astrea 7 the bonds is tied to 38 PE private equity funds.

Astrea 7 bond application begins today 20 may 22 at 9am. Astrea V 385 for Class A-1. Astrea 7 is a private equity PE collateralized fund obligation CFO backed by interests in a diversified pool of alternative investment funds.

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. 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.

Astrea is a series of bonds that are issued by a holding company that also held private equity funds as assets. The bonds received orders over 11bn 17x issue size. Azaleas latest IG-rated PE bonds have been announced.

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. It is around 396 per cent of the underlying PE portfolio valued at US19 billion. Fitch Ratings expects to rate the class A-1 A-2 and B bonds to be issued by Astrea 7 Pte.

The quantum is subject to change because Astrea 7. 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. Most likely the Astrea 5 bonds will be called back in 1 to 2 years.

Astrea VI bonds are issued by Astrea VI Pte. 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 size of the transaction is about 755mn or S105bn 396 of its underlying PE portfolio valued at 19bn.

Temaseks Azalea launches Astrea 7 PE bonds with fixed coupon of 4125 and 6. PIXABAY The indicative total size of the new issuance called Astrea 7 is US755 million.

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