What you need to know about the new Astrea 8 Bonds. And whether it's worth buying it today? Deadline to subscribe Astrea IPO: 17 July 2024, 12pm Singapore Time.
Okay – there’s something interesting about the new Astrea 8 bonds.
Readers have also recently emailed me asking about this. It’s been a while since I talked about bonds.
Let me share some thoughts here.
I’ve previously bought both Astra IV and Astrea VI bonds (see green box below), mostly for my son’s portfolio.
I thought it was a great way to invest his savings into a safe, corporate bond (I’ll share my experience in a bit).
Now, Astrea has issued a couple of these bonds before. It’s not the same as the SIA MCB bonds by the way.
And so far, management has a good track record of paying back bond principal and coupons.
Last week, Astrea announced it wants to raise a fresh set of bonds — Astrea 8 bonds. it
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