Shares & Derivatives
Astrea VI Balloting Results
By Financial Horse  •  March 17, 2021
Astrea VI Balloting Results are out! Pretty good allocations across the board this time. Anyone applying for $8000 and below gets what they applied for. Anyone applying from $9000 to $15,000 gets $8,000. Anyone applying from $16,000 to $29,000 gets $15,000. And if you applied $50,000, you actually have a 50% change of getting $25,000, which is really great. Had I known this, I probably would have upped my allocation in a big way. Full table below: Retail Tranche was 3.1 times subscribed. This isn’t as strong as Astrea IV or Astrea V, but to be fair the retail tranche is bigger this time around ($250 million for Astrea VI vs $180 million for Astrea V). Some more information below: At the close of the Retail Offer at noon on 16 March 2021, the Issuer received over S$784 million of applications from a total of 25,511 valid applicants. This equals 3.1 times subscribed. The Issuer has allocated the Class A-1 Bonds, with all 21,220 valid applicants of less...
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By Financial Horse
Financial Horse was founded with a simple goal – To provide high quality financial commentary, in plain English. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse aims to demystify financial investments.
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