Chue En Yaw, Azalea’s chief investment officer, says the interest rates were set by institutional investors in a very competitive book-building process and are the same for retail, institutional and accredited investors. He was speaking at a media briefing on July 10.
Azalea Investment Management has launched its fifth private equity (PE) bond for retail investors, Astrea 8 Class A-1 and Class A-2 bonds. The public offer will open from 9am on July 11 and close on July 17 at noon. The bonds will be issued on July 19.
Azalea, a wholly-owned subsidiary of Sevoira, which in turn is wholly owned by Temasek Holdings, is offering $260 million of Class A-1 bonds at a fixed interest rate of 4.35% yearly and US$50 million of Class A-2 bonds at a fixed interest rate of 6.35% yearly.
