Source: The Straits Times Debrief on Astrea IV Bonds

For those who are not aware, the retail offering of the S$121 million Class A-1 Bonds was 7.4 times oversubscribed. The allotment table is set out below:

To be very honest, this take-up wasn’t as strong as I expected. I applied for S$10,000 and received S$4,000, which is actually pretty decent. It’s strange because literally everyone I knew applied for these things, which leads me to think that my social circle is not entirely representative of the retail investors as a whole.

Perhaps it was the entire Hyflux saga that deterred the rest of the crowd.

In any case, I am glad that investors have considered the bonds, and …