Astrea IV Pte Ltd
Indicative
Full Lot
Indicative price as of 14 Jun 2023, 12:00am
Bond Issuer
Astrea IV Pte Ltd
Guarantor
-
Announcement Date
04 Jun 2018
Issue Date
14 Jun 2018
Maturity Date
14 Jun 2028
Years to Maturity / Next Call
1.592 / -
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
4.350
Coupon Type
Fixed
Annual Coupon Rate
4.350
Coupon Frequency
Semi Annually
Seniority
Secured
Reference Rate
-
ISIN
SGXF92571078
CUSIP
BCC2H0ZB5
Bond Currency
SGD
Total Issue Size
242,000,000
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
The Issuer shall be obligated to exercise the Class A-1 Redemption Option (the "Mandatory Call"):
(a) in the event that the Class A-1 Call Date Exercise Conditions are satisfied on the Scheduled Call Date, on the Scheduled Call Date; or
(b) in the event that the Class A-1 Call Date Exercise Conditions are not satisfied on the Scheduled Call Date, on the first Interest Payment Date (which is also a Distribution Date) after the Scheduled Call Date on which the Class A-1 Call Date Exercise Conditions are satisfied (the "Subsequent Call Date").
First Call Date: 14 Jun 2023
In the event that the Performance Threshold has been met on a Distribution Date falling on or before the Scheduled Call Date, the total cash balance in the Bonus Redemption Premium Reserves Accounts not exceeding 0.5% of the principal amount of the Bonds as of the Issue Date (the "Bonus Redemption Premium") shall become payable to the Bondholders upon the redemption of the Bonds pursuant to Condition 5(A) or Condition 5(B) in proportion to their holdings of 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.
In the event that the Bonus Redemption Premium becomes payable to the Bondholders in accordance with this Condition 5(C), the Issuer shall give to the Bonds Trustee, the Principal Paying Agent, the CDP Transfer Agent, the CDP Registrar, the Security Trustee and the Bondholders notice of the amount of the Bonus Redemption Premium not less than 10 Business Days prior to the date fixed for redemption.
