Astrea 8 bonds

[chiokcc]

Can I apply for both SGD and USD ones?

 

[dork32]

Final Prospectus registered with MAS.
Class A-1 S$520 mil (S$260 mil Public Offer) 4.35% p.a.
Class A-2 US$200 mil (US$50 mil Public Offer) 6.35% p.a.

no prospectus on the sgx

 

[hmyoth]

Can I apply for both SGD and USD ones?

https://drwealth.com/astrea-8-pe-bonds-heres-what-you-need-to-know/

 

[addict951]

Final Prospectus registered with MAS.
Class A-1 S$520 mil (S$260 mil Public Offer) 4.35% p.a.
Class A-2 US$200 mil (US$50 mil Public Offer) 6.35% p.a. (apply in S$ at a fixed rate of US$1.00 to S$1.35)

Wah lao, suddenly chui, o m g

How come ir low that time Astrea 7 can pay 4.25% then now ir high they pay additional .1% nia? Wtf. They treat investors as gong 1 ah?

 

[d5dude]

Wah lao, suddenly chui, o m g

How come ir low that time Astrea 7 can pay 4.25% then now ir high they pay additional .1% nia? Wtf. They treat investors as gong 1 ah?

As mentioned earlier, credit spreads are extremely tight now, in fact Asia EM spreads are at a 17 yr low.

 

[final1]

Wah lao, suddenly chui, o m g

How come ir low that time Astrea 7 can pay 4.25% then now ir high they pay additional .1% nia? Wtf. They treat investors as gong 1 ah?

business is business. they can offer what they want and up to you to take. This is not a charity.
They are earning the difference of what they can do with your cash versus giving you 4.35% fixed.* This is basic logic and for-profit business.

SG Fixed deposit 3.3% ish. SG Govt Treasury bill 3.6% ish.
US Treasuries i am guessing about 5%.
Choose your poison.

* Temasek only earned 1.6% returns in 2023. Utterly pathetic. They could have just all in on bitcoin or nvidia or another super mega cap US stock and came out so far ahead. Goes to show that the 'professional money managers' at Temasek arent really that bright.

 

[yuzu28]

business is business. they can offer what they want and up to you to take. This is not a charity.
They are earning the difference of what they can do with your cash versus giving you 4.35% fixed.* This is basic logic and for-profit business.

SG Fixed deposit 3.3% ish. SG Govt Treasury bill 3.6% ish.
US Treasuries i am guessing about 5%.
Choose your poison.

* Temasek only earned 1.6% returns in 2023. Utterly pathetic. They could have just all in on bitcoin or nvidia or another super mega cap US stock and came out so far ahead. Goes to show that the 'professional money managers' at Temasek arent really that bright.

TH 1.6% returns is totally sia suay. Pasar ah ma put FD also got higher returns than these expert elites.

 

[lzydata]

no prospectus on the sgx

For now it has only been published on MAS OPERA (Offers and Prospectuses Electronic Repository and Access). Under offer category Debentures (ABS and SN).

https://eservices.mas.gov.sg/opera/Public/SD/SearchOffers.aspx

I have updated the first post with the main points.

 

[sohguanh]

4.35% ok lah. Last year got one Frasers EHZB 4.49%. I always play small small so won't complain much. For ppl who whack big sum I guess not happy lor.

 

[dngth]

4.35% ok meh?.. it is private equity bond.

 

[abcde78]

Absolutely ridiculous rate for the risk.

 

[Kayeesha]

Regarding the USD tranche, how does one receive the USD proceeds?

Is it possible to have the USD proceeds credited to our multicurrency account (without conversion) free of charge?

Thanks.

Reposting to see if anyone will be so kind as to provide some help? Thanks.

 

[hmyoth]

Reposting to see if anyone will be so kind as to provide some help? Thanks.

https://www.sgx.com/cdpfaqs
read CCY

 

[Kayeesha]

https://www.sgx.com/cdpfaqs
read CCY

Many thanks, @hmyoth.

I'm wondering now, does everyone who invest in foreign currency opt for CCY then? No one is desirous of maintaining the proceeds or ever tried receiving the proceeds in the original currency (at all)?

 

[yiron]

Wah lao, suddenly chui, o m g

How come ir low that time Astrea 7 can pay 4.25% then now ir high they pay additional .1% nia? Wtf. They treat investors as gong 1 ah?

4.35% ok meh?.. it is private equity bond.

Absolutely ridiculous rate for the risk.

Agree, undercompensated IMO.
But fairly sure it's gonna be oversubscribed anyway - that's just how yield hungry the retail scene is.
Will pass on this.

 

[AndroidComa]

Wah lao, suddenly chui, o m g

How come ir low that time Astrea 7 can pay 4.25% then now ir high they pay additional .1% nia? Wtf. They treat investors as gong 1 ah?

have to also see the sentiments and the winds from the feds mah
last time Astrea 7 that time, rates were rising with no end in sight
today Astrea 8, they know rates have reached the top and likely to come down and they have to pay u for 5-15 years the same rate?



btw, https://www.sgx.com/fixed-income/products/V7AB

Astrea 7 was 4.125?

 

[Kayeesha]

Agree, undercompensated IMO.
But fairly sure it's gonna be oversubscribed anyway - that's just how yield hungry the retail scene is.
Will pass on this.

I agree with you too. I think there are many investors with lots of cash and are willing to accept lower yields and the company is taking advantage of this.

 

[limster]

Based on what Investmentmoats wrote, as long as you bid under $50k, you will get something, no balloting. So I'll just bid $40, since $40-49k likely to be given the same allocation.

Hopefully compared to Astrea 7, more investors will have their spare cash locked up in T-bills, so less cash available to press. So maybe press $40-49k can get $20k.

 

[maumu]

sorry ah, just to clarify, is this open to non-AI to buy, if it's just $20k or $50k?

if so, is it just like t-bills/SSB/IPOs that we can apply via e-banking?

 

[Shalom_555]

sed on what Investmentmoats wrote, as long as you bid under $50k, you will get something, no balloting. So I'll just bid $40, since $40-49k likely to be given the same allocation.

Hopefully compared to Astrea 7, more investors will have their spare cash locked up in T-bills, so less cash available to press. So maybe press $40-49k can get $20k.

For unsuccessful /partial allocation, wonder when the funds will be returned to us,