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Why I am buying Astrea V Class A-1 Bond
By Frugal Youth Invests  •  June 13, 2019

I was excited about Astrea V’s bond when its initial prospectus was released on 22th May 2019. At that point in time, I had invested in Temasek’s 2.7% Bond and was ready to sell it in the open market, to buy the upcoming bond issue.

This is not the first time Astrea’s bond was offered to retail investors. Last year, around the same time, Astrea IV was offered to retail investors. I still vividly remember a project I did for one of my finance modules I took in Polytechnic. The project was on a discussion on why Lehman Brothers, among other financial institutions, went bankrupt during the GFC in 2008, and how mortgage backed securities was one of the main culprits of the bankruptcy. With this still fresh in my mind, I told myself to avoid any Asset-Based security product offering.

Asset-backed securities (or ABS) are debt securities which derive

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By Frugal Youth Invests
I am a final year polytechnic student at Singapore Polytechnic and awaiting for my enlistment in 2019. I started investing when I was 18 years old. 1 January 2018 was the day when everyone celebrates the start of a new year but it was also the day when I applied for a brokerage account to embark the investment journey to retire early ...
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