Astrea IV is a wholly owned subsidiary of Azalea Asset Management Pte. Ltd, which is wholly owned by Temasek Holdings. They are issuing bonds for their private equity funds, so this is the first time the retail market has access to the private equity space. BOND DETAILS Name: Class A-1 Bonds 10NC5 Interest: 4.35% pa, semi annual payment. If not redeemed after 5 yrs on Jun 2023, will step up to 5.35% pa Maturity: 10 yrs, on 14th Jun 2028 with scheduled call date on 14th Jun 2023. "Scheduled" is not "optional". If there is sufficient cash set aside for the class A bond to be redeemed, it must be redeemed. It's not an option. Application for IPO: Min $2k, with integral multiples of $1k thereafter Period of application for IPO: 6th Jun 2018 9am to 12 Jun 2018 12 pm Rating: A by Fitch, and A by S&P Extra features: There is a bonus redemption premium of an amount not exceeding 0.5% of the principal amount. This means that if the par value if $1.000, the ...
To document and reflect on decisions in my life. To generate passive income and invest for the long term. A lifestyle and documentary blog by Mr EOR.