Astrea 7

Invest For Your Future

The Astrea 7 PE Bonds are the fourth listed retail bonds in Singapore backed by cash flows from Private Equity Funds. They represent the seventh series in the Astrea Platform and are a continuing step to bring listed retail bonds to investors in Singapore.

Portfolio Highlights

For the period
28 May 2023 - 27 Nov 2023
Distribution Reference Date
10 Nov 2023
27 Nov 2023
Semi-annual interest due paid to bondholders
US$1,557M
Portfolio Value
US$57M
Reserved for Class A during this period
38.2%
Loan-to-Value Ratio

Bond information

Class A-1 Bonds

Stock Code: V7AB


The bonds began trading on the SGX-ST Mainboard on 30 May 2022.

Identifiers
Tickers
V7AB
ISIN
SGXF50246630
Bloomberg
BBG017J6FBL5
Stock Price
Date
21 Feb 2024
Time
12:53pm
Share price
$1.012
Previous close
$1.010
Change
$0.006
High
$1.018
Low
$1.012
Open
$1.012
Total Volume
143,000
Class B Bonds

Stock Code: V7BB


The bonds began trading on the SGX-ST Mainboard on 30 May 2022.

Identifiers
Tickers
V7BB
ISIN
SGXF6766449
Bloomberg
BBG017J6FBN3
Stock Price
Date
21 Feb 2024
Time
12:53pm
Share price
$1.021
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$90m of distributions were received from the PE Funds while US$16m was invested through capital calls. The net distributions of US$74m were applied to the Priority of Payments. These cash flow and unrealised fair value movements resulted in an ending Portfolio NAV of US$1,557m.


Outstanding Bonds

ClassClass A-1 BondsClass A-2 BondsClass B Bonds
Principal AmountS$526m
(US$380m)
US$175mUS$200m
Interest Rate Per Annum4.125%5.35%6%
Interest Rate Step-Up Per Annum1.0%1.0%1.0%
Scheduled Call Date27 May 202727 May 202727 May 2028
Maturity Date27 May 203227 May 203227 May 2032
Ratings (Fitch / S&P)1A+sf / A+ (sf)Asf / Not ratedA-sf2 / Not rated

Click the links to access the Fitch Rating Report as well as S&P's Final Ratings Press Release and S&P's Presale Report.

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

2 Rated BBB+sf at launch, Class B Bonds were upgraded to A-sf by Fitch on 13 Feb 2024. Click here for the press release. 


Astrea 7 Prospectus dated 19 May 2022


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.