Astrea VI
Class A2 & B
Bonds backed by diversified portfolio of 35 private equity funds managed by Azalea*.
Coupon
3.25% p.a. (A-2) / 4.35% p.a. (B)
Maturity date
18 March 2031
Now trading on ADDXStarted on 19 March 2021
Investment highlights
Opportunity to gain exposure to Astrea VI through tokens issued by Prometheus-3 Pte. Ltd.
Astrea VI Class A-2 Bonds pay a coupon of 3.25% P.A., have a scheduled call date on 18 March 2026, and are rated Asf by Fitch
Astrea VI Class B Bonds pay a coupon of 4.35% P.A., are amortizing after full redemption of Class A Bonds, and are rated BBBsf by Fitch
The manager of Astrea VI, Azalea, is an indirect wholly-owned subsidiary of Temasek Holdings
Backed by cashflows from a diversified mature portfolio of 35 private equity funds, managed by 28 globally reputable general partners, including names like Blackstone, KKR, TPG, Permira, Silver Lake, Carlyle and Bain Capital
Portfolio net asset value of c. US$1.5 billion at issuance
High over-collateralization (loan-to-value ratio at 44.2%) and built-in structural safeguards
Azalea will continue to own 100% of equity interest, ensuring alignment with bondholders
Geographically diverse portfolio at launch – 61% U.S. funds, 23% Europe and 16% Asia
About Azalea
Set up in 2015, Azalea is an indirect wholly owned subsidiary of Temasek Holdings (Private) Limited. Azalea became part of the Seviora Group in 2020, a multi-asset management group indirectly wholly owned by Temasek. All products issued by Azalea are managed by Azalea Investment Management (AIM) which holds a Capital Markets Services License from MAS. More details on the Astrea platform can be found at www.astrea.com.sg
About The Issuer: Prometheus-3 Pte. Ltd.
The Company was incorporated as a special purpose vehicle for the sole purpose of the issuance of the Security Tokens and investing in the Bonds issued by Astrea VI Pte. Ltd
*Astrea VI is managed by Azalea Investment Management. Tokens are issued by Prometheus-3 Pte. Ltd.
Registered Address
1 Wallich St #32-02 Guoco Tower Singapore 078881
Key people
Ms Margaret Lui-Chan
Chief Executive Officer
En Yaw Chue
Managing Director,
Head of Private Equity Funds
About The Issuer: Prometheus-3 Pte. Ltd.
The Company was incorporated as a special purpose vehicle for the sole purpose of the issuance of the Security Tokens and investing in the Bonds issued by Astrea VI Pte. Ltd
*Astrea VI is managed by Azalea Investment Management. Tokens are issued by Prometheus-3 Pte. Ltd.
Key people
Ms Margaret Lui-Chan
Chief Executive Officer
En Yaw Chue
Managing Director,
Head of Private Equity Funds
Registered Address
1 Wallich St #32-02 Guoco Tower Singapore 078881
Disclaimer: The information above has been provided by Prometheus-3 Pte. Ltd. The contents of the above have not been verified by the Exchange and the Exchange assumes no responsibility for the contents above, including the accuracy, completeness or correctness of any of the information, statements or opinions made or reports contained in the content above. Any investment will be made with Prometheus-3 Pte. Ltd. and your return will differ from a direct investment in the bonds issued by Astrea VI Pte. Ltd. This is not an advertisement making an offer or calling attention to an offer or intended offer.
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Individual
Accredited Investor
Yearly income of at least SGD 300K
- or
Net financial assets of at least SGD 1M
- or
Net total assets of at least SGD 2M
Corporate Accredited or
Institutional Investor
Company's net assets exceeding SGD 10M in value
- or
Company's entire share capital is owned by one or more persons, all of whom are accredited investors
