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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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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

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