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 Class A-1 bonds were launched at a fixed interest rate of 4.35% per annum (p.a.) while the Class A-2 bonds were launched at a fixed interest rate of 6.35% p.a.
The US$585 million bonds offered in the placement and public tranches were overall 2.8 times subscribed.
“On behalf of the Issuer and Azalea, we would like to thank all investors, including retail investors, for their support for the Astrea 8 PE Bonds,” says Margaret Lui, CEO of Azalea.
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“The sustained interest and demand for the Astrea PE bonds is a strong testament to retail investors’ confidence in Azalea and the Astrea platform, underpinned by our proven track record. This enthusiasm underscores Azalea’s reputation as a trusted partner in private equity,” she adds.
The bonds will start trading on the Singapore Exchange Securities Trading Limited (SGX-ST) at 9am on July 22.
