ASTREA IV

Connecting You To Private Equity

ASTREA IV OVERVIEW

  • Total issue size of US$501m against a Transaction Portfolio NAV of US$1.1bn
  • Significant over-collateralisation – the issue size is less than 46% of the Transaction Portfolio NAV
  • Diversified & quality Transaction Portfolio of 36 PE Funds
  • Mature, cash generative Transaction Portfolio
Class A-1 Bonds – The first retail PE bonds listed on SGX-ST Mainboard (Stock Code: RMRB)
  • 5 years non-call period (principal scheduled to be repaid at the end of five years)
  • Fixed interest of 4.35% p.a. every six months
  • 1.0% p.a. interest rate step-up if bond is not redeemed after 5 years
  • Bonus payment of up to 0.5% of principal at redemption if performance condition is met
Class A-2 Bonds
  • 5 years non-call period (principal scheduled to be repaid at the end of five years)
  • Fixed interest of 5.50% p.a. every six months
  • 1.0% p.a. interest rate step-up if bond is not redeemed after 5 years
Class B Bonds
  • Principal expected to be repaid after the redemption of Class A-2 bonds
  • Fixed interest of 6.75% p.a. every six months

For information about how the transaction is structured and the portfolio composition please refer to Astrea IV Transaction.