Astrea 8 bonds

[MrClubbie]

pass performance of the usd is not an indication of how it will perform in the future.

if u work in mas, u will know the planned trajectory under current policy

 

[DevilPlate]

$2 for each transaction so total $4. Dump $100k on both.....huat ah!!

U might get quite alot of A2 allocation!
i only press what i want for A2

 

[bruiser69]

U might get quite alot of A2 allocation!
i only press what i want for A2

Huai? Nobody huan A2?

 

[ctan84]

Pressed 49k A1, let's see how much will they give.

 

[HoGnix]

I may missed this, the application cut offf time is tomorrow 12:00PM, but my fund could not be ready. (just redeemed Moomoo cash plus, but it is not immediately available for the withdraw).

 

[d5dude]

Placement tranche (institutions and AI) was only 2.6x subscribed, lower than the 3X for A7 and 7X for A6 and A5. Will be interesting to see if retail tranche follow this pattern.

 

[homedriver]

Everyone say is a risk but always oversubscribed???

 

[lzydata]

Everyone say is a risk but always oversubscribed???

There is no investment in this world that has no risk, the question is how much risk you can handle versus how much return. Read and understand the risk factors and simulations and modelling in the prospectus.

The fact that Astrea bonds have been popular with investors is worth remembering against the consistently negative opinions some people have here.

 

[sglandscape]

Placement tranche (institutions and AI) was only 2.6x subscribed, lower than the 3X for A7 and 7X for A6 and A5. Will be interesting to see if retail tranche follow this pattern.

The yield pick up is lower this tranche due to compressed credit spread.

 

[BBCWatcher]

if u work in mas, u will know the planned trajectory under current policy

You might have more information in that line of work, but you still can’t fully predict the future. External events and shocks beyond the MAS’s control can alter even the best plans.

Placement tranche (institutions and AI) was only 2.6x subscribed, lower than the 3X for A7 and 7X for A6 and A5. Will be interesting to see if retail tranche follow this pattern.

That’s good news for the issuer. The best outcome for the issuer is to offer the security so it just barely clears the market — that it’s priced just barely low enough (yield just barely high enough) to raise the desired capital amount. If the security is too attractive (mispriced) then they’ve left money on the table.

It’s a little more complicated than that for an issuer that wants to go back to the capital market periodically, but that’s the basic idea.

 

[sglandscape]

You might have more information in that line of work, but you still can’t fully predict the future. External events and shocks beyond the MAS’s control can alter even the best plans.

That’s good news for the issuer. The best outcome for the issuer is to offer the security so it just barely clears the market — that it’s priced just barely low enough (yield just barely high enough) to raise the desired capital amount. If the security is too attractive (mispriced) then they’ve left money on the table.

It’s a little more complicated than that for an issuer that wants to go back to the capital market periodically, but that’s the basic idea.

Very balanced view and close to reality of the world being filled with uncertainty. Even if MAS has a clearly articulated policy, they can only control so much if there is a surge of capital inflow or if geopolitical risk heighten, or inflation over shoots due to global events.

 

[bobby6679]

This may sound silly. But I could not find this bond using either mobile app or internet banking. What may go wrong ah? Thx

 

[hmyoth]

This may sound silly. But I could not find this bond using either mobile app or internet banking. What may go wrong ah? Thx

Invest - electronic share application ( ESA)

 

[maumu]

I'm wondering how the allocation will work. it says that amounts below $50k will be allocated "in full or part of". under what conditions will it be "part of"? is it like SSB where it's step-up basis?

if my target is to grab say $20k, should I apply for $20k, or to be more realistic I should put in $30k or even $40k?

maybe the experienced guys who bought previous Astrea series can help advise

 

[Scrabby]

I'm wondering how the allocation will work. it says that amounts below $50k will be allocated "in full or part of". under what conditions will it be "part of"? is it like SSB where it's step-up basis?

if my target is to grab say $20k, should I apply for $20k, or to be more realistic I should put in $30k or even $40k?

maybe the experienced guys who bought previous Astrea series can help advise

https://links.sgx.com/1.0.0/corpora...Astrea 7 Allocation Results - 26 May 2022.pdf

 

[bobby6679]

Invest - electronic share application ( ESA)

Thanks thanks. Was blur blur just now, saw the yes/no questionnaire close directly, my bad.

 

[maumu]

https://links.sgx.com/1.0.0/corporate-announcements/W367JIDUFQF2W3EG/718733_Astrea 7 Allocation Results - 26 May 2022.pdf

thanks for sharing... the allocation for 7 seems quite pathetic (e.g. apply 35k get only 12k)

on the other hand, going for USD appears to be able to 'confirm' a higher allocation.

 

[maumu]

another question.. if we opt not to receive the semi-annual dividend in USD... where is it being accumulated and does it earn any interest?

not clear how this works:
"You may opt-out from receiving payments in S$ via CDP Internet. Upon opting out, your foreign currency cash distribution will not be converted. It will remain in your cash balance with CDP. Please note there is telegraphic transfer fee imposed by CDP in addition to applicable receiving bank charges per withdrawal request."

ok nvmd... I found the answers:
- will be accumulated in CDP...
- zero interest
- pay $15 for transfer fee + additional bank charges to transfer to a local bank

zzz. dunno to go for SGD or USD tranche (or both).

 

[final1]

another question.. if we opt not to receive the semi-annual dividend in USD... where is it being accumulated and does it earn any interest?

not clear how this works:
"You may opt-out from receiving payments in S$ via CDP Internet. Upon opting out, your foreign currency cash distribution will not be converted. It will remain in your cash balance with CDP. Please note there is telegraphic transfer fee imposed by CDP in addition to applicable receiving bank charges per withdrawal request."

ok nvmd... I found the answers:
- will be accumulated in CDP...
- zero interest
- pay $15 for transfer fee + additional bank charges to transfer to a local bank

zzz. dunno to go for SGD or USD tranche (or both).

6.35% is very decent for an A rated bond.
But, exchange rate risk is there.
Also, the solvency of the US government and therefore the value of the USD which is arbitrary at this point.

 

[EDMW-Hates-Me]

"a) all applications of less than S$50,000 for Class A-1 Bonds or less than US$50,000 for Class A-2 Bonds will be allocated in full or in part; and

b) applications of S$50,000 or more for Class A-1 Bonds or US$50,000 or more for Class A-2 Bonds will be balloted, with successful applicants allocated in full or in part."

Means better to just apply for $49,000 each if you want it?