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Astrea 7 Bonds Balloting Results! – Nobody wants Class B at 6% yield?
By Financial Horse  •  May 26, 2022
Astrea 7 Bonds balloting results are out! And I must say, I was actually pretty surprised by the balloting results. Astrea 7 Bonds Balloting Results To sum it up, the: Astrea 7 Class A-1 Bonds was 3.1 times subscribedAstrea 7 Class B Bonds was 1.3 times subscribed And the balloting results are: Class A-1 – Anyone applying S$9,000 and below gets full allocationClass B- Anyone applying US$25,000 and below gets full allocation Full balloting results for Astrea 7 set out below. Why is demand for Astrea 7 so lukewarm? It’s quite clear from the balloting results that the reception for Astrea 7 is quite lukewarm. You can’t even blame it on the issue size, because Astrea 7’s S$280 million public offer is only slightly higher than Astrea IV’s $250 million public offer. I would have thought that the higher yield on Astrea 7 would...
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By Financial Horse
Financial Horse was started to demystify financial investments. He is a firm believer in Einstein’s quote that “If you can’t explain it to six-year-old, you don’t understand it yourself.” Too much of finance is shrouded in complex jargon, and Financial Horse gallops through the mysteries ...
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