Bond Factsheet
ASTLC 3.850% 20Jun2029 Corp (SGD) - Class A-1
Astrea V Pte Ltd
Indicative
Full Lot
Bid Price 100.154
Change in Bid Price 0.011
Bid Yield (%) -3.133 %
Change in Bid Yield 0.329
Ask Price 100.654
Change in Ask Price 0.089
Ask Yield (%) -25.436 %
Change in Ask Yield 6.757
Indicative price as of 10 Jun 2024, 12:00am
Bond Issuer
Astrea V Pte Ltd
Guarantor
-
Announcement Date
10 Jun 2019
Issue Date
20 Jun 2019
Maturity Date
20 Jun 2029
Years to Maturity / Next Call
2.619 / -
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.850
Coupon Type
Fixed
Annual Coupon Rate
3.850
Coupon Frequency
Semi Annually
Seniority
Secured
Reference Rate
-
ISIN
SGXF22124493
CUSIP
200722345
Bond Currency
SGD
Total Issue Size
315,000,000
Min. Investment Quantity (Nominal)
SGD 1,000
Incremental Quantity (Nominal)
SGD 1,000
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)
***/ AA-sf
Shariah Compliant
No
Exchange Listed
SGX
Issuer Call
Class A-1 Mandatory Call (with Non-Call Period of 5 years):
During the Non-Call Period (defined below), there will be no redemption of the Class A-1 Bonds pursuant to the Class A-1 Mandatory Call (defined below), even if the Reserves Accounts Cap has been met before the Class A-1 Scheduled Call Date.
Non-Call Period
The Issuer shall not exercise the Class A-1 Redemption Option (defined below) before the Class A-1 Scheduled Call Date. The period between the Issue Date and the day before the Class A-1 Scheduled Call Date is defined as the "Non-Call Period".
Class A-1 Redemption Option
The Issuer may redeem all (but not some only) of the Class A-1 Bonds at their principal amount together with the Bonus Redemption Premium (if payable in accordance with Condition 5(C) of the Class A-1 Bonds) and unpaid interest accrued to the date fixed for such redemption (the "Class A-1 Redemption Option") if the following conditions (collectively, the "Class A-1 Call Date Exercise Conditions") are satisfied on the date of such redemption:
(i) the total balance in the Reserves Accounts and the Reserves Custody Account as of the date of such redemption is not less than the aggregate principal amount of the Class A-1 Bonds; and
(ii) no CF Loan will remain unpaid on the date of such redemption.
Mandatory Call
The Issuer shall be obligated to exercise the Class A-1 Redemption Option (the "Class A-1 Mandatory Call"):
(a) in the event that the Class A-1 Call Date Exercise Conditions are satisfied on the Class A-1 Scheduled Call Date, on the Class A-1 Scheduled Call Date; or
(b) in the event that the Class A-1 Call Date Exercise Conditions are not satisfied on the Class A-1 Scheduled Call Date, on the first Interest Payment Date (which is also a Distribution Date) after the Class A-1 Scheduled Call Date on which the Class A-1 Call Date Exercise Conditions are satisfied (the "Class A-1 Subsequent Call Date").
Coupon Step
In the event that the Class A-1 Bonds are not redeemed in full on the Class A-1 Scheduled Call Date pursuant to Condition 5(B) of the Class A-1 Bonds (see the section "Terms and Conditions of the Class A-1 Bonds - Condition 5(B)"), the outstanding principal amount of the Class A-1 Bonds shall bear interest from (and including) the Class A-1 Scheduled Call Date to (but excluding) the Class A-1 Subsequent Call Date specified in Condition 5(B) of the Class A-1 Bonds or the Maturity Date, whichever is earlier, at the rate of 4.85 per cent. per annum, payable semi-annually in arrear on 20 June and 20 December in each year.
Additional Note
In the event that the Performance Threshold has been met on a Distribution Date falling on or before the Class A-1 Scheduled Call Date, the total cash balance in the Bonus Redemption PremiumReserves Accounts not exceeding 0.5% of the principal amount of the Class A-1 Bonds as of the Issue Date (the "Bonus Redemption Premium") shall become payable to the Class A-1 Bondholders upon the redemption of the Class A-1 Bonds pursuant to Condition 5(A) or Condition 5(B) of the Class A-1 Bonds in proportion to their holdings of Class A-1 Bonds (rounded down, if necessary to the nearest Singapore cent). The remaining amount (if any) in the Bonus Redemption Premium Reserves Accounts after paying the Bonus Redemption Premium shall be paid to the Sponsor.
Bondsupermart strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
