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Astrea V Resource List + Management Thoughts
By The Asia Report  •  June 16, 2019

The retail tranche of Astrea V will close at 12.00 pm on 18 June 2019.

I did an earlier video case study on the structural safeguards which you can get here:

Astrea Bonds Investment Case Study [Video] Key Points of Astrea V

From Business Times:

Retail investors may subscribe for S$180 million worth of Class A-1 bonds, with a fixed coupon of 3.85 per cent.

This is more than half of the total issuance of Class A-1 bonds of S$315 million.

The balance is a placement tranche of S$135 million for institutions and accredited investors.

The minimum subscription for A1 bonds is S$2,000.

Class A-1 bonds have a final maturity of 10 years and a mandatory call at the end of five years.

The issuer is required to redeem the Class A-1 bonds on June 20, 2024, if there is sufficient cash set aside to repay Class A-1 bonds and

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By The Asia Report
Richard is passionate about teaching the principles of value investing to people from all walks of life. Richard is also a frequent guest speaker on investing and financial markets at institutions such as University College London and the London School of Economics, and at investment conferences held in Singapore ...
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