Bond Factsheet
ASTLC 3.250% 18Mar2031 Corp (USD) - Class A-2
Astrea VI Pte Ltd
Indicative
Full Lot
Bid Price 99.968
Change in Bid Price
-
Bid Yield (%) 4.822 %
Change in Bid Yield 0.202
Ask Price 99.974
Change in Ask Price
-
Ask Yield (%) 4.518 %
Change in Ask Yield 0.164
Indicative price as of 09 Mar 2026, 12:00am
Bond Issuer
Astrea VI Pte Ltd
Guarantor
-
Announcement Date
08 Mar 2021
Issue Date
18 Mar 2021
Maturity Date
18 Mar 2031
Years to Maturity / Next Call
4.451 / -
Modified Duration
-
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.250
Coupon Type
Fixed
Annual Coupon Rate
3.250
Coupon Frequency
Semi Annually
Seniority
Secured
Reference Rate
-
ISIN
XS2308478515
CUSIP
BCC2R6RZ7
Bond Currency
USD
Total Issue Size
228,000,000
Min. Investment Quantity (Nominal)
USD 50,000
Incremental Quantity (Nominal)
USD 50,000
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
Issuer Call
The Issuer shall not exercise the Class A-2 Redemption Option (defined below) before 18 March 2026 (the “Class A-2 Scheduled Call Date” and the period between the Issue Date and the day before the Class A-2 Scheduled Call Date is defined as the “Non-Call Period”).
Mandatory Call
The Issuer shall be obligated to exercise the Class A-2 Redemption Option (the “Class A-2 Mandatory Call”) in the event that:
(a) the Class A-2 Call Date Exercise Conditions are satisfied on the Class A-2 Scheduled Call Date, on the Class A-2 Scheduled Call Date; or
(b) the Class A-2 Call Date Exercise Conditions are not satisfied on the Class A-2 Scheduled Call Date, on the first Interest Payment Date (which is also a Distribution Date) after the Class A-2 Scheduled Call Date on which the Class A-2 Call Date Exercise Conditions are satisfied (the “Class A-2 Subsequent Call Date”).
Mandatory Partial Redemption
This Condition 5(C) shall apply only in the event that the Class A-1 Call Date Exercise Conditions (as defined in the Conditions of the Class A-1 Bonds), but not the Class A-2 Call Date Exercise Conditions, are satisfied on the Class A-1 Scheduled Call Date (as defined in the Conditions of the Class A-1 Bonds) or the Class A-1 Subsequent Call Date (as defined in the Conditions of the Class A-1 Bonds) (as the case may be), and consequently all of the Class A-1 Bonds are redeemed from payments out of the Reserves Accounts and the Reserves Custody Account (the “Class A-1 Full Redemption Trigger Event”). The balance that remains in the Reserves Accounts and the Reserves Custody Account after deducting for payments made to redeem the Class A-1 Bonds shall be defined as the “Class A-2 Remaining Balance Amount”.
Upon the occurrence of the Class A-1 Full Redemption Trigger Event, the Class A-2 Remaining Balance Amount shall be used to redeem at par on the same date as the date of redemption of the Class A-1 Bonds such part of the outstanding principal amount of all Bonds which in aggregate is equal to the Class A-2 Remaining Balance Amount on a pari passu and pro-rata basis (rounded down, if necessary to the nearest US cent).
Upon and after full redemption of all of the Class A-1 Bonds but prior to the occurrence of an Enforcement Event, on each Interest Payment Date (which is also a Distribution Date) on which there is cash available for the redemption of the Bonds pursuant to Clause 8 of the Priority of Payments, the Issuer shall apply the total cash balance available under Clause 8 of the Priority of Payments (the “Class A-2 (Clause 8) Instalment Amount” which is subject to adjustment in accordance with the following paragraph) to redeem, and shall redeem, at par on such Interest Payment Date such part of the outstanding principal amount of all Bonds which in aggregate is equal to the Class A-2 (Clause 8) Instalment Amount on a pari passu and pro-rata basis (rounded down, if necessary to the nearest US cent).
Where the Class A-2 (Clause 8) Instalment Amount is greater than the aggregate principal amount of the Bonds then outstanding, the Class A-2 (Clause 8) Instalment Amount shall be adjusted so that the Class A-2 (Clause 8) Instalment Amount becomes equal to such aggregate principal amount (and, for the avoidance of doubt, upon such redemption together with the payment of unpaid interest accrued to the date of such redemption, the Bonds shall be fully redeemed).
Coupon Step
Scheduled Call Date: 18 March 2026
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.
