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Wholesale Bonds

Astrea VI Class A-2 & B Security Tokens

Gain exposure to the latest issuance from the award-winning Astrea platform.*
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* Through tokens issued by Prometheus-3 Pte. Ltd.

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.

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
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Incorporated
13 Jan 2021
Registered Address
9 Temasek Boulevard, #38-02, Singapore 038989

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
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Key People Of Azalea
profile
Ms Margaret Lui-Chan

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

profile
En Yaw Chue

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

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.
Now trading on iSTOX
Started on 19 March 2021
Coupon
3.25% P.A. (A-2) / 4.35% P.A. (B)
Maturity Date
18 March 2031
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