Astrea V

Invest For Your Future

The Astrea V PE Bonds are the second listed retail bonds in Singapore backed by cash flows from Private Equity Funds. They represent the fifth series in the Astrea Platform and were a continued step in achieving Azalea’s vision of connecting individual investors to private equity.

Key Highlights of Semi-Annual
Distribution Report

For the period
21 Dec 2020 - 20 Jun 2021
Distribution Reference Date
7 Jun 2021
20 Jun 2021
Semi-annual interest paid to bondholders
US$1,496M
Portfolio value
US$47M
Reserved for Class A during this period
27%
Loan-to-Value Ratio

Bond information

Astrea V Class A-1 Bonds

Stock Code: 5A1B


The bonds began trading on the SGX-ST Mainboard on 21 June 2019.

Identifiers
Tickers
5A1B
ISIN
SGXF22124493
Bloomberg
BBG00PF3SR10
Stock Price
Date
29 Jul 2021
Time
7:55pm
Share price
$1.045
Previous close
$1.045
Change
$0.000
High
$0.000
Low
$0.000
Open
$0.000
Total Volume
0

Portfolio Activity (US$)

For the latest Distribution Period, US$204m of distributions were received from the PE Funds while US$16m was invested through capital calls. The net distributions of US$188m were applied to the Priority of Payments. These cash flow and unrealised fair value movements resulted in an ending Portfolio NAV of US$1,496m.


Outstanding Bonds

Class Class A-1 Bonds Class A-2 Bonds Class B Bonds
Principal Amount S$315m
(US$230m)
US$230m US$140m
Interest Rate Per Annum 3.85% 4.50% 5.75%
Interest Rate Step-Up Per Annum 1.0% 1.0% N/A
Scheduled Call Date 20 June 2024 20 June 2024 N/A
Maturity Date 20 June 2029 20 June 2029 20 June 2029
Ratings (Fitch / S&P)1 A+sf2 / A+ (sf) Asf / Not rated BBBsf / Not rated

Click the links to access the Fitch Ratings Report as well as S&P's Presale Report.

1Fitch and S&P have not provided their consent, for the purposes of Section 249 of the Securities and Futures Act, Chapter 289 of Singapore (“SFA”), to the inclusion of the information cited and attributed to them in the Prospectus, and are thereby not liable for such information under Sections 253 and 254 of the SFA (as described in the section “Credit Ratings“ of the Prospectus). 

2The Class A-1 Notes were rated Asf at launch by Fitch and were upgraded to A+sf on 22 Feb 2021. Click here for the press release.


Astrea V Prospectus dated 11 June 2019


The Prospectus posted up on this website is being provided as a historical, reference source only and is not being used, and no one is authorised to use, disseminate or distribute it, in connection with any offer, invitation or recommendation to sell or issue, or any solicitation of any offer to purchase or subscribe for, securities. The Prospectus is current only as at its date and the availability of the Prospectus on this website shall not create any implication that there has been no change in the Issuer's affairs since the date of the Prospectus or that the information, statements or opinions contained therein is current as at any time subsequent to its date. The Issuer is not under any obligation to update the Prospectus. The Prospectus may contain forward-looking statements and these statements, if included, must be read with caution as set forth in the section "Forward-looking statements" in the Prospectus . All information contained in the Prospectus regarding the Fund Investments (as defined in the Prospectus) has not been prepared, reviewed or approved by any PE Fund (as defined in the Prospectus), the general partner or manager of any PE Fund, or any of their affiliates. The Issuer does not provide any advice relating to the business, financial, legal, taxation or investment matters of any recipient of any information or the information.