Shares & Derivatives
Astrea 7 Class A-1 and Class B PE Bonds
By Mr. IPO  •  May 21, 2022
 
How time flies!
From Astrea IV in 2018 to Astrea 7 in 2022, 4 Astreas in 5 years. I was just digging through my archive and for old times' sake:
What is different this time ?
In addition to Class A-1 bonds, you can subscribe to Class B bonds (USD) for the first time, more aptly described by PEI's "Temasek's Azalea enables retail investors to climb risk-return ladder".
In other words, you can subscribe for either Class A-1 or Class B or you can subscribe for both.
What are the Class A-1 Bonds? 
Public Offer of S$280m at 4.125% to be redeemed on 27 May 2027
 
Class A-1 Bonds are rated A+ by both S&P and Fitch.
 ...
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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