- S$ denominated Class A-1 Bonds – 3% coupon
- US$ denominated Class A-2 Bonds – 3.25% coupon
- US$ denominated Class B Bonds – 4.35% coupon
On March 8, I have alerted readers of the latest Astrea VI Bond issuance through my blog and Telegram Channel. Astrea has just announced its Astrea VI allocation result today. The final coupon for the retail S$ tranche is 3%. It is not fantastic, but good enough for many, especially the retirement income seekers. But many people have got it wrong during the application process.
I want to use this as a case study to give you a better understanding of how a Bond IPO and Private Placement works.
To recap, Astrea issued three classes of bonds.