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 Jun 2023 - 20 Dec 2023
Distribution Reference Date
6 Dec 2023
20 Dec 2023
Semi-annual interest paid to bondholders
US$950M
Portfolio Value
Class A Fully Reserved
As at 20 Jun 2023
14.0%
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
1 Mar 2024
Time
7:59am
Share price
$1.009
Previous close
$1.009
Change
$0.000
High
$1.009
Low
$1.009
Open
$1.009
Total Volume
8,000

Portfolio Activity (US$)

For the latest Distribution Period, US$99m of distributions were received from the PE Funds while US$6m was invested through capital calls. The net distributions of US$93m were applied to the Priority of Payments. These cash flow and unrealised fair value movements resulted in an ending Portfolio NAV of US$950m.


Class A Fully Reserved as at 20 June 2023


Outstanding Bonds 

ClassClass A-1 BondsClass A-2 BondsClass B Bonds
Principal AmountS$315m
(US$230m)
US$230mUS$140m
Interest Rate Per Annum3.85%4.50%5.75%
Interest Rate Step-Up Per Annum1.0%1.0%N/A
Scheduled Call Date20 June 202420 June 2024N/A
Maturity Date20 June 202920 June 202920 June 2029
Ratings (Fitch / S&P)1AA-sf2 / AA- (sf)3A+sf4 / Not ratedA+sf5 / 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). 

2Rated Asf at launch, Class A-1 Bonds were upgraded to A+sf by Fitch on 22 Feb 2021. Click here for the press release. The bonds were then upgraded from A+sf to AA-sf by Fitch on 15 Feb 2023. Click here for the press release.

3Rated A+ (sf) at launch, Class A-1 Bonds were upgraded to AA- (sf) by S&P on 28 Aug 2023. Click here for the press release. 

4Rated Asf at launch, Class A-2 Bonds were upgraded to A+sf by Fitch on 15 Feb 2022. Click here for the press release. 

5Rated BBBsf at launch, Class B Bonds were upgraded to A-sf by Fitch on 15 Feb 2022. Click here for the press release. The bonds were then upgraded from A-sf to Asf by Fitch on 15 Feb 2023. Click here for the press release. The bonds were then upgraded from Asf to A+sf by Fitch on 13 Feb 2024. 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.