- Offer of Astrea 9 PE bonds: Astrea 9 has launched a public offer of S$380 million of Class A-1 Bonds at a fixed interest rate of 3.4% per annum, and US$50 million of Class A-2 bonds at a fixed interest rate of 5.7% per annum. Astrea 9 is backed by cash flows from a portfolio of 40 private equity funds that invested in 1,086 companies across diversified industries and geographies. The portfolio is valued at US$1,625 million as at end-2024. The manager of Astrea 9 Pte Ltd is Azalea, an indirect 100%-owned subsidiary of Temasek Holdings. The PE Bonds are not guaranteed by any party, including Temasek Holdings.
- Proven issuer track record. The bonds will mature in 15 years in August 2040. The Class A-1 and Class A-2 bonds both have a mandatory call at the 5th year, subject to certain conditions.
The Astrea 9 Class A-1 Bonds offer a fixed interest rate of 3.40% per annum, and the Class A-2 Bonds offer a fixed interest rate of 5.70% per annum.
Summary
