The Business Times
business-time-50
MIND THE GAP

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

google-preferred-sourceAdd BT as a preferred source
Genevieve Cua

Genevieve Cua

Published Mon, Jul 15, 2024 · 06:00 AM
    • Earlier issuances of Astrea bonds have enjoyed credit rating upgrades, which are testament to their quality.
    • Earlier issuances of Astrea bonds have enjoyed credit rating upgrades, which are testament to their quality. PHOTO: PIXABAY

    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.

    Mind the GapTemasekPrivate equity

    TRENDING NOW

    Canadian Prime Minister Mark Carney speaking at a press conference in Ottawa, on Aug 22, after trade talks with the US collapsed.

    Canada’s fight with the US has far bigger stakes than trade

    Vertical solar panels integrated into buildings are cited as one of several examples of green pathways that data centres can adopt.

    Singapore’s new data centres must use renewables. Can they overcome the hurdles?

    The peso has fallen about 7% since the onset of the US-Iran conflict on Feb 28, emerging as one of Asia’s worst performers.

    Record remittances fail to shield Philippine peso’s slide from mounting pressures

    SIA holds a 25.1% stake in Air India, whose majority shareholder is Indian company Tata Sons.

    Air India investment has ‘not adversely affected’ SIA’s ability to serve Singaporeans for now: Jeffrey Siow

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More