Temasek unit’s retail PE bond offering oversubscribed 7.4 times

Photo: Bloomberg

Astrea IV Pte’s $90.5-million (S$121 million) Class A-1 bond offering for retail investors was oversubscribed 7.4 times, receiving about $665.6 million (S$890 million) in valid applications. These are the first retail bonds backed by cash flow from private equity investments.

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