Astrea VI Pte. Ltd.’s $643 Million Asset-Backed Securities

Allen & Gledhill advised Astrea VI Pte. Ltd. on the operation.

 Astrea VI Pte. Ltd. announced the issue of S$382 million Class A-1 secured fixed rate bonds due 2031, US$228 million Class A-2 secured fixed rate bonds due 2031, and US$130 million Class B secured fixed rate bonds due 2031. 

The Bonds are backed by cash flows from a diversified portfolio of 35 private equity funds with a net asset value of US$1.456 billion, managed by 28 general partners.

Astrea VI Pte. Ltd.  is a collateralized fund obligation transaction managed by Azalea Investment Management Pte. Ltd.

The Allen & Gledhill team comprised of Partners Yeo Wico (Picture), Jeanne Ong (Singapore Law), Lim Pek Bur (Tax), Andrew Chan and Jo Tay (Insolvency).

Involved fees earner: Andrew Chan – Allen & Gledhill LLP; Lim Pek Bur – Allen & Gledhill LLP; Jeanne Ong – Allen & Gledhill LLP; Jo Tay – Allen & Gledhill LLP; Yeo Wico – Allen & Gledhill LLP;

Law Firms: Allen & Gledhill LLP;

Clients: Astrea VI Pte. Ltd. ;

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Sonia Carcano

Author: Sonia Carcano