Temasek’s subsidiary Azalea last week lodged the prospectus for a new tranche of Astrea bonds. You can start applying for Astrea 7 bonds starting from today at your local bank’s ATM just like how you would apply for a Singapore listed stock’s initial public offering. But should you apply? What is the Astrea Bond Series About? I have written about Astrea bonds twice in the past. You can check them out because a large part of how the Astrea 7 would work is similar to the older Astrea issues: Astrea IV – 4.35% for Class A-1Astrea V – 3.85% for Class A-1 Astrea is a series of bonds that are issued by a holding company that also held private equity funds as assets. The bonds will rely on the cash flow from the underlying companies in the private equity funds to pay the interest coupon. In this issue of Astrea...