To support growing demand among individual investors, Azalea had increased the amount of retail bonds in Astrea 9 by 37% compared to Astrea 8.
The total subscription received for all three classes of Astrea 9 PE bonds was over $3.4 billion, says the issuer Astrea 9 Pte Ltd and Azalea Investment Management on Aug 7.
This represents a subscription rate of 3.4 times of the US$780 million of bonds offered under both the placement tranche and public offers. The total subscription received for the Public Offers of Class A-1 bonds and Class A-2 bonds was over $1.5 billion, which represents a subscription rate of 3.5 times of the $380 million and US$50 million bonds offered.
