Issue of US$780 million asset-backed securities by Astrea 9 Pte. Ltd.
Allen & Gledhill, as transaction counsel, advised Astrea 9 Pte. Ltd. (“Astrea 9”), on the issue of S$615 million Class A-1 secured fixed rate bonds due 2040, US$200 million Class A-2 secured fixed rate bonds due 2040 and US$100 million Class B PIK secured fixed rate bonds due 2040 (collectively, “Bonds”).
The Bonds are the sixth issuance of retail bonds in Singapore backed by cash flows from private equity funds.
Advising Astrea 9 were Allen & Gledhill Partners Yeo Wico, Jeanne Ong, Andrew Chan, Jo Tay, and Lim Pek Bur.
