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