Over 76% of the bonds under the public offers were allocated to valid applicants who applied for less than $50,000 for the Class A-1 bonds or US$50,000 for the Class A-2 bonds.
The total subscription received for the public offers of Astrea 8 PE bonds’ Class A-1 and Class A-2 bonds was over $1 billion, says Astrea 8 Pte Ltd and Azalea Investment Management on July 18. The amount represents a subscription rate of 3.1 times of the $260 million and US$50 million ($67.1 million).
Astrea 8 Pte Ltd received valid applications of over $763 million for the Class A-1 bonds and US$194 million for the Class A-2 bonds as at the close of offer at 12pm on July 17. This represents a subscription rate of 2.9 times for the Class A-1 bonds and about 3.9 times for the Class A-2 bonds. There were 27,287 applicants and 9,894 applicants for the Class A-1 and Class A-2 bonds respectively.
