Heard of the Astrea series of Private Equity (PE) bonds and the previous Astrea VI PE Bonds tranche that was launched in March last year? Well, here’s some good news. Astrea 7 Pte. Ltd. and Azalea Investment Management Pte. Ltd. has just announced the launch of the newest tranche of Astrea PE bonds: the Astrea 7 PE Bonds. This time around, Azaela will open up the Astrea 7 Class A-1 Bonds (denominated in SGD) and Class B Bonds (denominated in USD) for subscription to retail investors (the public) in Singapore; only the fourth private equity retail bonds to be listed on the Singapore Exchange (SGX). They will be offering S$280 million of Class A‑1 Bonds at a fixed interest rate of 4.125% per annum (p.a.), as well as US$100 million of Class B Bonds at a fixed interest rate of 6% p.a. Source: Azaela The Public Offer follows the successful placement of S$246 million of the...