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
Add BT as a preferred source
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.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Is it time to scrap COE categories for cars?
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
As more Asean states turn to Russia for fuel, will Moscow boost its influence in the region?
