The total offering size of the Astrea 8 bonds is approximately US$585 million ($792.6 million). The figure comprises $500 million worth of Class A-1 bonds and US$215 million worth of Class A-2 bonds. Both classes are ranked equally in terms of priority of payment.
Azalea Asset Management will be listing the Astrea 8 private equity (PE) bonds in July. This is the fifth listed retail bond that gives retail investors in Singapore access to the PE asset class. Astrea IV was the first such bond to be available to Singapore retail investors. It was launched in June 2018.
The preliminary prospectus was lodged by the bond’s issuer, Astrea 8 Pte. Ltd. on July 1. Astrea 8 is indirectly wholly-owned by Azalea Asset Management, which is, in turn, wholly-owned by Seviora Holdings. Seviora Holdings is indirectly wholly-owned by Temasek Holdings.
