Bond Factsheet
ASTLC 3.900% 08Jul2019 Corp (SGD) - Class A-1
Astrea III Pte Ltd
Indicative
Full Lot
Bid Price 100.025
Change in Bid Price
-
Bid Yield (%) 4.848 %
Change in Bid Yield
-
Ask Price 100.125
Change in Ask Price
-
Ask Yield (%) 4.642 %
Change in Ask Yield 0.002
Indicative price as of 05 Jul 2019, 12:00am
Bond Issuer
Astrea III Pte Ltd
Guarantor
-
Announcement Date
17 Jun 2016
Issue Date
08 Jul 2016
Maturity Date
08 Jul 2019
Years to Maturity / Next Call
- / -
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.900
Coupon Type
Fixed
Annual Coupon Rate
3.900
Coupon Frequency
Semi Annually
Seniority
Secured
Reference Rate
-
ISIN
SG73E5000000
CUSIP
BCC2BEMW9
Bond Currency
SGD
Total Issue Size
-
Outstanding Issue Size
228,000,000
Min. Investment Quantity (Nominal)
SGD 250,000
Incremental Quantity (Nominal)
SGD 250,000
Bond Type
Asset-backed Security
Bond Sector
Private Equity
Bond Sub Sector
Private Equity
Issuer Credit Rating (S&P/ Fitch)
***/ N.R
Bond Credit Rating (S&P/ Fitch)
***/ A+sf
Shariah Compliant
No
Exchange Listed
SGX
Coupon Step
- from (and including) 08 July 2016 (the "Issue Date") to (but excluding) the Scheduled Maturity Date (as defined in Condition 5(B)) at the rate of 3.9 per cent. per annum and
- (in the event that the Notes are not redeemed on the Scheduled Maturity Date pursuant to Condition 5(B)) from (and including) the Scheduled Maturity Date to (but excluding) (a) the Interest Payment Date specified in Condition 5(B)(ii) or (b) (if redemption does not occur pursuant to Condition 5(B)) the Final Maturity Date at the rate of 4.9 per cent. per annum, payable semi-annually in arrear on July and January in each year (each, an "Interest Payment Date"").
Extendable Tenor
- Mandatory Redemption on Final Maturity Date
Unless previously redeemed or purchased and cancelled as provided below, the Issuer shall redeem the Notes at their principal amount on [TBD] 2026 (the "Final Maturity Date") together with the Bonus Redemption Premium (if payable in accordance with Condition 5(C)) and unpaid interest accrued to the date of such redemption. The Notes may not be redeemed, in whole or in part, prior to that date other than in accordance with this Condition (but without prejudice to Condition 10). - Mandatory Redemption on Scheduled Maturity Date or thereafter
The Issuer shall redeem all (but not some only) of the Notes (i) on [TBD] 2019 (the "Scheduled Maturity Date") if- (a) the total balance in the Reserves Accounts and the Reserves Custody Account as of the Scheduled Maturity Date is not less than the aggregate principal amount of the Notes and
- (b) all Loans (if any) (Liquidity Facility Agreement) are fully repaid on or before the Scheduled Maturity Date, or
- in the event that either condition (a) or (b) above is not satisfied, on the first Interest Payment Date after the Scheduled Maturity Date on which
- (aa) the total balance in the Reserves Accounts and the Reserves Custody Amount is not less than the aggregate principal amount of the Notes and
- (bb) all Loans (if any) are fully repaid on or before such Interest Payment Date,
Additional Note
On each Distribution Date, the payments to be made (as calculated by the Transaction Administrator based on information available to it as of the Distribution Reference Date) on such Distribution Date from the total cash balance in the Operating Accounts (including, without limitation, interest income and realised gains received from the Reserves Accounts and the Reserves Custody Account, and the proceeds of any Loans and any Equity Investments, but excluding the Note Proceeds) as of the Distribution Reference Date shall be made in the following order of priority (the "Priority of Payment").
For the detailed full list of priorities, click here.
SENIORITY – Payment rank
- Most senior Notes among all classes (Class A-1, Class A-2, Class B, Class C)
- ranked parri passu with Class A-2 Notes, on a pro rata basis
- For the detailed full list of priorities, click here.
- For the detailed list of Priority of Payments after the occurence of an Default Event, please click here.
Please note that this might be a product that is classified as a "Specified Investment Product" (herein referred as "SIP") under the Securities and Futures Act (CAP. 289). Not all consumers have the knowledge or experience to assess an SIP's complex features. To help retail investors and financial institutions better gauge investors' understanding of SIPs, financial institutions are required to conduct a Customer Knowledge Assessment (CKA) if you wish to transact in an unlisted SIP, and a Customer Account Review (CAR) if you wish to trade SIPs listed on an exchange.
CAR / CKA does NOT apply to Accredited Investors, Institutional Investors.
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