Shares & Derivatives
Astrea V – Balloting Results
By Mr. IPO  •  June 19, 2019
Astrea V announced its balloting results today. Unlike equity, the bonds will only start trading on this Friday, 21 June 2019. 

As stated in their press release, all applications below $50k received some allocation and 75% of the $180m shares went to them, "reflecting the Issuer's desire to allocate to smaller retail investors". I am pleasantly surprised at the 50% chance of being allocated a meaningful amount. To apply $50,000 and have a 50% chance of receiving $16,000 worth of bonds is definitely not a bad outcome. Those who applied for $1m shares now receives $50,000 rather than $11,000. That should at least make them "happier" for now. 😆  As for me, I am really the "salty olive" ☹️ .... couldn't even get any at 50% chance 🤪
Congrats to those who got it! ... Make Astrea part of your bond ladder portfolio.  ...
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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 ...
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