This site uses cookies to provide you with a great user experience. By using BondbloX, you accept our use of cookies.
Bond Market News
Astrea Class A-1, A2 Bonds Redeemed; Class B Partially Redeemed
June 21, 2024
Azalea announced the full redemption of Astrea V Class A-1 Bonds on their first call date yesterday. These notes were issued in 2019 and were Singapore’s second listed retail private equity bonds. The bondholders also received a ‘Bonus Redemption Premium’ of 0.5% of the principal amount, Azalea noted. This was due to the performance threshold being met when the sponsor received cumulative cashflows exceeding 50% of its equity in the transaction. Separately, the Astrea V Class A-2 Bonds were also fully redeemed. These bonds were placed to institutions and accredited investors. Meanwhile, 58% of the Class B Bonds that will further amortize in the future, were partially redeemed.
For more details, click here
Go back to Latest bond Market News
Related Posts:
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.