Astrea 7 bond

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 7 offers three classes of bonds.

Astrea V Bond What Singaporeans Need To Know

The size of the transaction is about 755mn or S105bn 396 of.

. Temaseks indirect subsidiary Azalea has launched an Astrea 7 bond backed by 38 Private Equity PE funds. Astrea is a series of bonds that are issued by a holding company that also held private equity funds as assets. The quantum is subject to change because.

The bonds received orders over 3bn 6x issue size. 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. Temaseks Azalea launches Astrea 7 PE-backed bonds.

Astrea 7 is a. The preliminary rating assigned to Astrea 7s class A-1 bonds reflects the following. Class A-1 Bonds offering 4125 per annum and Class B Bonds.

The proceeds will be used for refinancing of green assets according to its Green Financing Framework dated September 24. 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. - The managers Azaleas substantial experience in private equity fund investing.

Astrea 7 offers three classes of bonds. Fitch Ratings expects to rate the class A-1 A-2 and B bonds to be issued by Astrea 7 Pte. Astrea 7 or the issuer as seen in the table above.

Most likely the Astrea 5 bonds will be called back in 1 to 2 years. Class A-1 A-2 and B backed by cash flows from a US19 billion portfolio of investments in 38 Private Equity Funds Total issue size of US755m against a Transaction Portfolio NAV of US19bn. There will be two types of bonds available to retail investors.

9 hours agoToday Azalea Asset Management has released the Astrea 7 bonds for application. The indicative total size. Interest rates to be decided.

AZALEA Asset Management an indirect subsidiary of Temasek Holdings is launching. AZALEA Asset Management an indirect subsidiary of Temasek Holdings is launching a new series of bonds back by 38 private equity PE funds. True enough the 10-year average interest rate dropped from 245 to 216 now.

I noticed that the credit quality of Astrea 7 Class A-2 and B are lower than the Astrea 5 issue based on Fitch. 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. 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.

It is offering 277 million of Class A-1 Bonds and US100 million 138 million of Class B Bonds to retail investors in Singapore. Interest rates to be decided. Similarly to the past launches there are three.

Today the latest Astrea V A1 only. 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.

The resizing of tranches resulted in slightly more negative cash. The bonds will rely on the cash flow from the underlying companies in the private equity funds to pay the interest coupon. The retail offer of Astrea IV A1 issued last year was 435.

Class A-1 A-2 and B backed by cash flows from a US19 billion portfolio of investments in 38 Private Equity Funds. AZALEA Asset Management an indirect subsidiary of Temasek. Application will close on 25 May 2022 12pm.

Astrea V 385 for Class A-1. Temaseks Azalea launches Astrea 7 PE-backed bonds. The reallocation of class A bond principal did not result in a change to the cumulative LTV of Astrea 7s rated bonds.

Astrea 7 Pte. 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.

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