Astrea IV private equity bonds launched with retail tranche of S$121m
Class A-1 bonds carry an interest rate of 4.35%; investors can subscribe with a minimum investment of S$2,000
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THE Azalea Group, a Temasek unit specialising in investments in private equity, has launched its first PE-backed bond for retail investors, with a smaller-than-expected retail tranche of S$121 million.
The retail tranche of Class A-1 bonds carries an interest rate of 4.35 per cent. Subscription starts on June 6 and closes on June 12. Retail investors may subscribe via ATM with a minimum investment of S$2,000.
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