Virus prompts Astrea IV structure's 'de-risk'

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.