Astrea 7 bond

Astrea VI will mature more than one and a half year later than Astrea V and is. There will be two types of bonds available to retail investors.

Temasek S Azalea Launches Astrea 7 Pe Backed Bonds Interest Rates To Be Decided Banking Finance The Business Times

Class A-1 Bonds offering 4125 per annum and Class B.

. 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 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 initial price guidance for Class A-1 A-2 and B bonds are 4375 5625 and 6375 respectively but are also subject to change.

Temaseks indirect subsidiary Azalea has launched an Astrea 7 bond backed by 38 Private Equity PE funds. It is around 396 per cent of the underlying PE portfolio valued at US19 billion. 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.

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. Bondsupermart 9 March 2021 In a simplistic way of looking at all three different private equity-backed retail bonds available to us we can tell that the market is pricing in a premium of 0291 for an approximately one-year difference in maturity date between Astrea IV and Astrea V. The bonds received orders over 11bn 17x issue size.

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 or the issuer as seen in the table above. 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 bond application begins today 20 may 22 at 9am. Similarly to the past launches there are three classes of bonds. Temaseks Azalea launches Astrea 7 PE-backed bonds.

Class A-1 A-2 and B backed by cash flows from a US19 billion portfolio of investments in 38 Private Equity Funds Total issue size of US755m against a Transaction Portfolio NAV of US19bn. The bonds received orders over 3bn 6x issue size. 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. Interest rates to be decided. Astrea 7 offers three classes of bonds.

Application will close on 25 May 2022 12pm. Ltd a wholly-owned subsidiary of Azalea. Most likely the Astrea 5 bonds will be called back in 1 to 2 years.

The quantum is subject to change because Astrea 7s prospectus is preliminary. Application will close on 25 May. On May 19 2022 By My Sweet Retirement In Money Management.

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. The indicative total size of the new issuance called Astrea 7 is US755 million. In this issue of Astrea 7 the bonds is tied to 38 PE private equity funds.

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. 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. Temaseks Azalea launches Astrea 7 PE-backed bonds.

Retail investors can also apply for Class B bonds which pay a higher fixed interest rate of 6 per cent per annum. 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. Astrea 7 Pte.

The indicative total size of the new issuance called Astrea 7 is US755 million. Fitch Ratings expects to rate the class A-1 A-2 and B bonds to be issued by Astrea 7 Pte. Astrea V 385 for Class A-1.

Today Azalea Asset Management has released the Astrea 7 bonds for application. Class A-1 A-2 and B backed by cash flows from a US19 billion portfolio of investments in 38 Private Equity 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.

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. It is offering 277 million of Class A-1 Bonds and US100 million 138 million of Class B Bonds to retail investors in Singapore. 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 proceeds will be used for refinancing of green assets according to its Green Financing Framework dated September 24 2020. 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.

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. The bonds will rely on the cash flow from the underlying companies in the private equity funds to pay the interest coupon.

10 hours agoToday Azalea Asset Management has released the Astrea 7 bonds for application. Astrea VI bonds are issued by Astrea VI Pte. Interest rates to be decided.

This will be the 4th bond from Azalea with. 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. The size of the transaction is about 755mn or S105bn 396 of its underlying PE portfolio valued at 19bn.

It also raised 650mn via a 4NC3 bond at a yield of 4131 15bp inside initial guidance of UKT280bp area. 15 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. AZALEA Asset Management an indirect subsidiary of Temasek Holdings is launching a new series of bonds back by 38 private equity PE funds.

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