Astrea 7 bond

8 hours agoOn 19 May 2022 Azalea Investment Management launched its latest batch of Astrea private equity PE bonds for public subscriptions. Depending on demand Astrea 7 plans to allocate valid applications as follows.

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Astrea 7 Pte.

. Huat ah Astrea VI allocation. Interest rates to be decided. Astrea is a series of bonds that are issued by a holding company that also held private equity funds as assets.

14 hours agoBy My Sweet Retirement May 19 2022. The bonds received orders over 11bn 17x issue size. Class A-1 Bonds offering 4125 per annum and Class B.

For the most recent Astrea VI issue those who applied up to 8k were fully allotted. 19 hours agoToday Azalea Asset Management has released the Astrea 7 bonds for application. The issuance is expected to have three classes of bonds namely A-1 A-2 and B but only Class A-1 and Class B bonds will be made available to retail.

The indicative total size of the new issuance called Astrea 7 is US755 million. The size of the transaction is about 755mn or S105bn 396 of its underlying PE portfolio valued at 19bn. Astrea 7 marks the seventh series of asset-backed securities offered by the Group and the cash flows are backed by a portfolio of 38 private equity PE funds with over 982 investee companies.

Class A-1 A-2 and B backed by cash flows from a US19 billion portfolio of investments in 38 Private Equity Funds. Today Azalea Asset Management has released the Astrea 7 bonds for application. Class A-1 Bonds of Astrea VI PE Bonds will pay investors 300 pa.

Astrea 7 or the issuer as seen in the table above. Class A-1 A-2 and B backed by cash flows from a US19 billion portfolio of investments in 38 Private Equity FundsOnly Class A-1 and B bonds are available for application. The initial price guidance for Class A-1 A-2 and B bonds are 4375 5625 and 6375 respectively but are also subject to change.

There will be two types of bonds available to retail investors. Astrea 7 bond application begins today 20 may 22 at 9am. But aside from that the term of the Astrea 5 is shorter than the Astrea 7 but the yield is also lower so we cannot really assess the quality difference between Astrea 5 and 7.

Out of a total indicative size of USD 755m Class A-1 bonds will have an allocation of USD 380m SGD 526m while Class A-2 and B will have a. Application will close on 25 May 2022 12pm. AZALEA Asset Management an indirect subsidiary of Temasek Holdings is launching a new series of bonds back by 38 private equity PE funds.

I noticed that the credit quality of Astrea 7 Class A-2 and B are lower than the Astrea 5 issue based on Fitch Rating. Astrea 7 PE Bond investors face typical risks such as default interest rate liquidity inflation risks exchange rate risks adverse macro-economic or market conditions including those arising from rising inflation andor interest rates armed conflicts or a pandemic and other risks specific to private equity investments such as. In this issue of Astrea 7 the bonds is tied to 38 PE private equity funds.

Astrea 7 is a private equity PE collateralized fund obligation CFO backed by interests in a diversified pool of alternative investment funds with approximately USD19 billion in net asset value NAV and. There will be two types of bonds available to retail investors. The bonds will rely on the cash flow from the underlying companies in the private equity funds to pay the interest coupon.

Similarly to the past launches there are three classes of bonds. Astrea is sponsored by Astrea Capital which is a wholly owned subsidiary of Azalea Asset Management which in turn is wholly owned by Singapore state-owned investment company. The bonds received orders over 3bn 6x issue size.

The quantum is subject to change because Astrea 7s prospectus is preliminary. Temasek-linked Astrea 7 is pricing three classes of private-equity bonds with public and institutional tranches according to a client note seen by Shenton Wire Wednesday. Temaseks Azalea launches Astrea 7 PE-backed bonds.

The proceeds will be used for refinancing of green assets according to its Green Financing Framework dated September 24 2020. Retail investors can also apply for Class B bonds which pay a higher fixed interest rate of 6 per cent per annum. When you compare this to when Astrea IV 435 and Astrea V 385 first offered its Class A-1 Bonds the interest is slightly lower.

The indicative total size of the new issuance called Astrea 7 is US755 million. The Singaporean state-owned investment firm could have raised more than 4bn for its private equity-backed portfolio. Astrea is a series of bonds that are issued by a holding company that also held private equity funds as assets.

Fitch Ratings expects to rate the class A-1 A-2 and B bonds to be issued by Astrea 7 Pte. Temaseks indirect subsidiary Azalea has launched an Astrea 7 bond backed by 38 Private Equity PE funds. A all applications of less than S50000 for Class A-1 Bonds or less than US.

AZALEA investment management on Thursday May 19 launched its latest batch of Astrea private equity PE bonds for public subscription with retail investors having access to Class B bonds that pay a higher fixed interest rate for the first time. AZALEA Asset Management an indirect subsidiary of Temasek Holdings is launching a new series of bonds back by 38 private equity PE funds. The resizing of tranches resulted in slightly more negative cash flow modelling results for the A-1 bonds due to the higher LTV but did not materially change Fitchs overall analysis which supported todays affirmation of the.

It is offering 277 million of Class A-1 Bonds and US100 million 138 million of Class B Bonds to retail investors in Singapore. The indicative total size of the new issuance called Astrea 7 is US755 million. Class A-1 Bonds with a fixed interest rate of 4125 per annum and Class B Bonds with a fixed interest rate of 6 per annum.

Similarly to the past launches there are three classes of bonds. It also raised 650mn via a 4NC3 bond at a yield of 4131 15bp inside initial guidance of UKT280bp area. The reallocation of class A bond principal did not result in a change to the cumulative LTV of Astrea 7s rated bonds.

All the Astrea bond issues have been kind to smaller investors. Application will close on 25 May 2022 12pm. It is around 396 per cent of the underlying PE portfolio valued at US19 billion.

1 day agoThe public offer of Astrea 7 PE bonds comprises S280 million in Class A-1 bonds which pay a fixed interest rate of 4125 per cent per annum above the coupon for Class A-1 bonds in the previous Astrea V and VI issuances. The reallocation of class A bond principal did not result in a change to the cumulative LTV of Astrea 7s rated bonds. Most likely the Astrea 5 bonds will be called back in 1 to 2 years.

However we have to recognise that the current interest rate environment is lower than when Astrea IV and V were issued. Astrea V 385 for Class A-1.

Astrea Vi Bonds At 3 Per Annum To Buy Or Not To Buy

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