Virus prompts Astrea IV structure's 'de-risk'
Add BT as a preferred source
Annabeth Leow
Singapore
MORE money has been set aside for the future redemption of Temasek-owned Azalea Group's Astrea IV Class A bonds, to "de-risk" the structure amid a coronavirus pandemic.
Some US$53 million was added to the reserves accounts, on top of a scheduled US$40 million and another US$1 million paid in to manage the portfolio's loan-to-value (LTV) ratio.
TRENDING NOW
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Real estate firm Ohmyhome’s journey over the past 10 years
Could Ohmyhome face Nasdaq delisting after selling its core unit for US$1? Experts weigh in
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
