Astrea 8 bonds: Riding on strong track record and improving PE landscape
The issuance aims not to acquire leverage, but to broaden private equity access among retail investors in a risk-controlled manner
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ASTREA 8, the latest offering of private equity-backed bonds by Azalea Investment Management, has quite a few things going for it.
There is the evergreen appetite for yield among Singapore savers, and an improving environment for private equity (PE) as an asset class, which bodes well for the bond’s coupon and principal repayment.
But I would argue the biggest plus is the track record Azalea has set in its previous issuances.
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