Shares & Derivatives
Astrea V Class A-1 PE Bonds
By Mr. IPO  •  June 15, 2019

Astrea V is offering 3 classes of bonds of which S$180m of the Class A-1 Bonds ("the Bonds") are available to retail investors. The public offer will end on 18 June 2019 at 12 noon.

The remaining $135m Class A-1, US$230m Class A-2 and US$140m Class B Bonds were already fully placed out through a placement tranche.

Details of the 3 different classes of bonds are summarised below:

Key points to note about the Class A-1 Bonds: Interest rate of 3.85% per annum Interest is payable every 6 months on 20 June and 20 Dec each year The Bonds will be redeemed on 20 June 2024 (5 years) if conditions are met.  The Bonds are expected to be rated A by Fitch and A+ by SnP.  There will be a bonus of 0.5% of the principal amount for Class A-1 if the Performance Threshold is met. I am not going...
Read the full article
By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance