The Astrea V Class A-2 Bonds that were placed to institutions and accredited investors were also fully redeemed while 58% of the Class B Bonds were partially redeemed. Class B Bonds will be further amortised in subsequent periods, in accordance with the prescribed priority of payments.
Margaret Lui, CEO of Azalea, says: “We are pleased with the successful redemption of the Astrea V Class A-1 Bonds on its five-year scheduled call date. Along with timely redemptions of previous series of Astrea PE Bonds, this milestone is testament to the robust structure and consistent performance of the Astrea portfolios. We thank investors for their trust and support in the Astrea platform and remain focused on our commitment to deepening the retail bond market in Singapore.”
Since Azalea’s first issuance of the Astrea PE Bonds in 2016, Astrea III and Astrea IV have since been redeemed. Besides Astrea V, two other series of Astreas are outstanding. In the latest issuance, Astrea 7, in addition to the SGD-denominated Class A-1 Bonds, the USD-denominated Bonds were also made available to retail investors in Singapore for the first time.
