![Azalea launches latest series of private equity-backed bonds for retail investors](https://cdn.magzter.com/1617717947/1720734219/articles/vrzMQrH3J1720739114684/AZALEA-LAUNCHES-LATEST-SERIES-OF-PRIVATE-EQUITYBACKED-BONDS-FOR-RETAIL-INVESTORS.jpg)
The issue is set to attract a strong response, thanks to the investing public’s keen appetite for yield and a macro environment where interest rates have likely peaked and may soften later in 2024.
The Astrea 8 bonds comprise $260 million worth of Class A-1 bonds in Singapore dollars that will carry a fixed coupon of 4.35 per cent, and US$50 million (S$67.4 million) worth of Class A-2 bonds in US dollars with a fixed coupon of 6.35 per cent.
Azalea is part of the Temasek group and manages around US$9 billion in assets.
The public offer follows the successful placement of $260 million of Class A-1 bonds and US$150 million of Class A-2 bonds for institutional and accredited investors on July 10.
The placement tranche saw strong demand from institutions, including endowments, pensions, insurance companies and asset managers, with a combined placement order book in excess of $1.2 billion. This is equivalent to a subscription rate of 2.6 times.
Fitch has issued a tentative A+ rating for the Class A-1 bonds, and A for the Class A-2 bonds.
The minimum subscription for Class A-1 bonds is $2,000, and for Class A-2 bonds, it is US$2,000. For subscribers for the Class A-2 bonds, the exchange rate is fixed at US$1 to S$1.35.
هذه القصة مأخوذة من طبعة July 12, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 12, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
![Arrest warrant issued for Power Rangers actor Hector David Rivera](https://reseuro.magzter.com/100x125/articles/24723/1785329/Cp-XwlJS41722552362591/ARREST-WARRANT-ISSUED-FOR-POWER-RANGERS-ACTOR-HECTOR-DAVID-RIVERA.jpg)
Arrest warrant issued for Power Rangers actor Hector David Rivera
An arrest warrant was issued on July 31 for American actor Hector David Rivera after a video showed him pushing a man in his 60s who used a walker, the police in the American state of Idaho said.
![LEDECKY, MARCHAND MAKE HISTORY](https://reseuro.magzter.com/100x125/articles/24723/1785329/s80RTDGVI1722552149816/LEDECKY-MARCHAND-MAKE-HISTORY.jpg)
LEDECKY, MARCHAND MAKE HISTORY
American wins her 8th gold, France’s home hero does unprecedented 200m double
![KIWI ROWERS HAIL THEIR MATERNAL SUPERPOWERS](https://reseuro.magzter.com/100x125/articles/24723/1785329/OQdorY3JF1722552262256/KIWI-ROWERS-HAIL-THEIR-MATERNAL-SUPERPOWERS.jpg)
KIWI ROWERS HAIL THEIR MATERNAL SUPERPOWERS
Gold medallists Francis and Spoors improve on their Tokyo results after having children
![NEW JAPANESE GYMNASTICS STAR IS BORN](https://reseuro.magzter.com/100x125/articles/24723/1785329/zcLV3iO7Z1722552080433/NEW-JAPANESE-GYMNASTICS-STAR-IS-BORN.jpg)
NEW JAPANESE GYMNASTICS STAR IS BORN
First-timer and baby’ of the team, Oka upstages Hashimoto to win second gold
![DREAM ALLIANCE HAS MADE GOOD HEADWAY](https://reseuro.magzter.com/100x125/articles/24723/1785329/xtw_7Czf41722552017339/DREAM-ALLIANCE-HAS-MADE-GOOD-HEADWAY.jpg)
DREAM ALLIANCE HAS MADE GOOD HEADWAY
Raffles Cup hope needed the run first-up, but barrier trial win on Aug is a sizzler
![UOB declares dividend of 88 cents; Q2 profit rises 1%](https://reseuro.magzter.com/100x125/articles/24723/1785329/duSW0bUed1722551922785/UOB-DECLARES-DIVIDEND-OF-88-CENTS-Q2-PROFIT-RISES-1.jpg)
UOB declares dividend of 88 cents; Q2 profit rises 1%
CEO Wee says succession planning in place when asked about retirement at briefing
![Keppel lifts first-half net profit by 7% as key segments grow](https://reseuro.magzter.com/100x125/articles/24723/1785329/2bfqCGCnJ1722551854647/KEPPEL-LIFTS-FIRSTHALF-NET-PROFIT-BY-7-AS-KEY-SEGMENTS-GROW.jpg)
Keppel lifts first-half net profit by 7% as key segments grow
Decline in real estate contributions offset by infrastructure, connectivity sectors
![HK GDP growth in Q2 beats expectations on brisk exports](https://reseuro.magzter.com/100x125/articles/24723/1785329/XLVhHbHpO1722551766985/HK-GDP-GROWTH-IN-Q2-BEATS-EXPECTATIONS-ON-BRISK-EXPORTS.jpg)
HK GDP growth in Q2 beats expectations on brisk exports
Hong Kong's economy grew faster than expected in the second quarter, pointing to some stability in key sectors despite challenges in real estate and retail.
New high-tech 'classroom' provides insights to help adults learn better
Brain activity monitor, cameras and recorders facilitate research in real-world settings
S'pore to host 'World Cup' of fighting video games in 2026
STB working to deliver a compelling and impactful’ edition of e-sports tourney Evo