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Astrea VI Class A-2 & B Security Tokens
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 The Issuer: Prometheus-3 Pte. Ltd.
About Azalea
Chief Executive Officer
Joined Azalea in 2015 at inception
Previously with Temasek since 1985 in various investment roles with her last appointment at Temasek being Senior Managing Director
Prior to joining Azalea, she was also Chief Operating Officer (COO) of two Temasek affiliates consecutively over four years
Currently chairs the Marine Services Supervisory Committee of PSA International
Member of the Singapore Exchange's Listing Advisory Committee
Managing Director,
Head of Private Equity Funds
Prior to joining Azalea in 2018, Mr Chue was seconded from Temasek to the Azalea Group and was concurrently the Head of Private Equity Funds at Fullerton Fund Management Company Ltd upon the launch of the Astrea III transaction in 2016
Deeply involved in the Astrea Platform since 2014
Previously a senior member of the Private Equity Fund Investments team with Temasek, covering fund relationships in Asia as well as global secondaries
Chartered Accountant and a CFA charterholder
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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