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 VFrom 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
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