Shares & Derivatives
Astrea 7 Bonds Press or No Press?
By Investing Thoughts  •  May 20, 2022
By now i guess everyone should be familiar with Astrea Bonds already. Basically it is a portfolio of Private Equity Funds and it is broken up into different tranche where the top tranche has the lowest interest rates but is the safest among the different tranche. Interestingly, this time around, retailers have 2 choices to choose from. Class A-1: 4.125% (S$ 280 million) Class B: 6% (US $ 100 million or around SGD 140 million) (Pasting the Picture you will see on most blog and finance site post as a thumbnail) Reasons to Press 1) Current Astrea Bonds trading at a premium. The Yield to Maturity of current Astrea bonds are trading at below 3.6%. What this mean is that there is a very good chance that the new issue will open above water and it will allow for retailers a chance to make a quick profit....
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By Investing Thoughts
Age 25, currently doing part-time. Studied in NTU as a Banking and Finance student. Also known as zzxiaoboizz Enjoys doing equity research and investing. Currently vested in Hong Kong and Singapore listed Equities Would pen some of his thoughts here. Also enjoys watching concerts.
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