Astrea 7 bond

13 hours 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. Azaleas latest IG-rated PE bonds have been announced.

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Interest rates to be decided.

. AZALEA Asset Management an indirect subsidiary of Temasek Holdings is launching a new series of bonds back by 38 private equity PE funds. Fitch Ratings expects to rate the class A-1 A-2 and B bonds to be issued by Astrea 7 Pte. Wing Tai Holdings CapitaLand China Trust Ascendas India Trust and First REIT. Temasek-linked Astrea 7 pricing bonds.

The indicative total size of the new issuance called Astrea 7 is US755 million. AZALEA Asset Management an indirect subsidiary of Temasek Holdings is launching a new series of bonds back by 38 private equity PE 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. Application will close on 25 May.

Class A-1 A-2 and B backed by cash flows from a US19 billion portfolio of investments in 38 Private Equity Funds. It also raised 650mn via a 4NC3 bond at a yield of 4131 15bp inside initial guidance of UKT280bp area. In this issue of Astrea 7 the bonds is tied to 38 PE private equity funds. The bonds will rely on the cash flow from the underlying companies in the private equity funds to pay the interest coupon.

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. Astrea VI PE Bonds is offering 250 million in its. 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. This will be the 4th bond from Azalea with.

Application will close on 25 May 2022 12pm. 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. Heres our latest update on the finalised yields. The indicative total size of the new issuance called Astrea 7 is US755 million.

Class A-1 Bonds of Astrea VI PE Bonds will pay investors 300 pa. There are three main reasons why it is attractive to invest in bonds. The newest bond IPO that we can invest in is the Astrea VI Private Equity Bonds. 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.

It is around 396 per cent of the underlying PE portfolio valued at US19 billion. 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. 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. Ltd a wholly-owned subsidiary of Azalea.

Astrea 7 or the issuer as seen in the table above. 1H22 will be significantly better. The bonds received orders over 3bn 6x issue size. Temaseks indirect subsidiary Azalea has launched an Astrea 7 bond backed by 38 Private Equity PE funds.

The bonds received orders over 11bn 17x issue size. I it is generally safer than investing in stocks ii we get a fixed return each year and iii we get visible income flows for several years. Azalea is an indirect wholly-owned subsidiary of Temasek Holdings Private Limited with the aim is to make private equity accessible to retail investors as it usually require a high amount of investment capital. 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.

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Most likely the Astrea 5 bonds will be called back in 1 to 2 years. Singapore companies in focus on Thursday 19 May 2022. The size of the transaction is about 755mn or S105bn 396 of its underlying PE portfolio valued at 19bn. On May 19 2022 By My Sweet Retirement In Money Management.

Astrea 7 offers three classes of bonds. AZALEA Asset Management an indirect subsidiary of Temasek Holdings is launching a new series of bonds back by 38 private equity PE funds. Astrea 7 Pte. The Astrea VI private equity bond is offering 3 pa.

It is offering 277 million of Class A-1 Bonds and US100 million 138 million of Class B Bonds to retail investors in Singapore. Today Azalea Asset Management has released the Astrea 7 bonds for application. 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. Retail investors can also apply for Class B bonds which pay a higher fixed interest rate of 6 per cent per annum.

Astrea V 385 for Class A-1. Temaseks Azalea launches Astrea 7 PE-backed bonds. May 19 2022 750 AM 2 min read After it sustained damage nearly six years ago the Jacksonville Beach Fishing Pier will reopen to the public with its repairs this summer. The proceeds will be used for refinancing of green assets according to its Green Financing Framework dated September 24 2020.

Returns with a 10 year maturity. Singapore Airlines reports fiscal 2H net loss narrowed sharply. Similarly to the past launches there are three classes of bonds. Here are the details retail investors need to know before applying.

8 hours agoToday Azalea Asset Management has released the Astrea 7 bonds for application. Astrea is a series of bonds that are issued by a holding company that also held private equity funds as assets. 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. Astrea VI bonds are issued by Astrea VI Pte.

Interest rates to be decided. 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 quantum is subject to change because Astrea 7s prospectus is preliminary. 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 reallocation of class A bond principal did not result in a change to the cumulative LTV of Astrea 7s rated bonds. Temaseks Azalea launches Astrea 7 PE-backed bonds. However we have to recognise that the current interest rate environment is lower than when Astrea IV and V were issued.