Shares & Derivatives
Applied Astrea 7 Class A-1 PE Bond
By Live Rich Life Free  •  May 24, 2022
The dateline for IPO application for Astrea 7 Private Equity Class A-1 and Class B bonds is 12pm on 25 May 2022. The bonds will commence trading on SGX on 30 May 2022, 9am.
The Class A-1 bonds are in Singapore dollars and yield 4.125% p.a. and its yield will be stepped up by 1 % if not redeemed at the end of 5 years while Class B bonds are denominated in US dollars and come with higher credit risk profile as they rank junior to Class A-1 and A-2 bonds in terms of priority of payment hence higher returns at 6% p.a. Likewise, the Class B bonds will have a step-up from 6% to 7% if they are not redeemed at the end of 6 years.
Astrea 7 PE bonds are backed by cashflows from a $1.9 billion portfolio of investments in 38 PE funds, which have 982 investee companies.
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!
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