Astrea 7 Pte Ltd
Indicative
Full Lot
Indicative price as of 29 Sep 2026, 12:00am
Ask Yield to Worst
Bid Yield to Worst
Ask Yield to Maturity
Bid Yield to Maturity
Bond Issuer
Astrea 7 Pte Ltd
Guarantor
-
Announcement Date
18 May 2022
Issue Date
27 May 2022
Maturity Date
27 May 2032
Years to Maturity / Next Call
5.646 / 0.640
Modified Duration
4.700 @ 29 Sep 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
5.350
Coupon Type
Fixed
Annual Coupon Rate
5.350
Coupon Frequency
Semi Annually
Seniority
Secured
Reference Rate
-
ISIN
XS2480766158
CUSIP
BCC36L5P1
Bond Currency
USD
Total Issue Size
175,000,000
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
Unless previously redeemed or purchased and cancelled as provided below, the Issuer shall redeem the Bonds at their principal amount on 27 May 2032 (the “Maturity Date”) together with unpaid interest accrued to the date of such redemption. The Bonds may not be redeemed, in whole or in part, prior to the Maturity Date other than in accordance with this Condition (but without prejudice to Condition 10).
(B) Mandatory Call (with Non-Call Period of 5 years)
During the Class A Non-Call Period (defined below), there will be no redemption of the Bonds pursuant to the Class A-2 Mandatory Call (defined below), even if the Class A Reserves Accounts Cap has been met before the Class A-2 Scheduled Call Date.
Class A Non-Call Period
The Issuer shall not exercise the Class A-2 Redemption Option (defined below) before 27 May 2027 (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 “Class A Non-Call Period”).
Class A-2 Redemption Option
The Issuer may redeem all (but not some only) of the Bonds at their principal amount together with unpaid interest accrued to the date fixed for such redemption (the “Class A-2 Redemption Option”) if the following conditions (collectively, the “Class A-2 Call Date Exercise Conditions”) are satisfied on the date of such redemption:
(i) the total balance in the Class A Reserves Accounts and the Class A Reserves Custody Accounts as of the date of such redemption is not less than the sum of (a) the aggregate principal amount of the Bonds and (b) the aggregate principal amount of the Class A-1 Bonds; and
(ii) no CF Loan will remain unpaid on the date of such redemption.
The Class A-2 Redemption Option shall lapse and expire upon the occurrence of the Class A-1 Full Redemption Trigger Event (as defined in Condition 5(C)).
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”).
Cash Flow Information