Astrea IV Class A-1 bonds close first trading day at 103.7

Singapore

TEMASEK-LINKED Astrea IV's Class A-1 bonds closed at 103.7 on their first trading day, translating to a yield of 3.53 per cent.

On Monday, the Class A-1 bonds were rated Asf by Fitch and A(sf) by S&P, with "sf" denoting the rating for structured finance.

The Class A-2 bonds were rated Asf by Fitch, while the Class B bonds were rated BBBsf by Fitch. S&P did not rate the Class A-2 and Class B bonds.

The bonds opened at 102.1 on Monday.

The S$121 million retail offering of the bonds, issued by Temasek Hol…