It seems like yesterday when more than 10,000 retail investors in Singapore lost more than $500 million during the Lehman Brothers Minibond saga. That was in 2008. Fast forward to 2016, many accredited investors lost at least $250,000 after investing in Swiber junk bonds. And then in May 2018, Hyflux stunned the market by halting the trading of its $500 million perpetual bonds and the payment for the coupon payments. Given the spate of bonds tragedies suffered by investors in recent years, one must be wondering if “this time it is different” for Astrea IV bonds. For sure, it would not be fair to compare Astrea IV bonds to Minibonds, Swiber Bonds and Hyflux perpetual bonds. Even though they are all basically debt instruments issued by companies to raise capital, Astrea IV bonds is indirectly issued by Temasek Holdings (the Sponsor, Astrea Pte Ltd, is wholly-owned by Temasek ......