To support growing demand among individual investors, Azalea had increased the amount of retail bonds in Astrea 9 by 37% compared to Astrea 8.
For the public offers, Astrea 9 received valid applications of $1.206 billion for the Astrea 9
Class A-1 bonds and US$280 million for the Astrea 9 Class A-2 bonds as at the close of offer on Aug 6 from a total of 34,969 and 12,592 valid applicants, respectively.
This is equivalent to a subscription rate of 3.2 times for the Class A-1 bonds and 5.6 times for the Class A-2 bonds under their respective public offers.
“Notably, the number of applicants rose by nearly 30% across both public offers, reflecting the increasing resonance of our products among a broader base of retail investors. This speaks to the track record and credit quality of Astrea PE bonds and the reputation we have built as a trusted partner in private equity,” says Chue En Yaw, CEO and CIO of Azalea.
