Back

Latest Forum Topics / Astrea V3.85%B29062

Post Reply

Public Subscription period ending on June 18, 2019 Post Reply Rate topic
john_ric Supreme	19-Jun-2019 00:05        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	out where   destinykraze      ( Date: 18-Jun-2019 19:31) Posted: Results are out, tells whether your application is successful, but allocated amount yet to be determined.
Useful To Me  Not Useful To Me
destinykraze Elite	18-Jun-2019 19:31        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Results are out, tells whether your application is successful, but allocated amount yet to be determined.
Useful To Me  Not Useful To Me
destinykraze Elite	18-Jun-2019 16:09        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	application period close. good luck to applicants. i expect this tp be oversubscribed by several times.
Useful To Me  Not Useful To Me
destinykraze Elite	17-Jun-2019 21:41        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	A-2 bonds and riskier class are only available to  accredited investors. Not a high requirement by singapore standards. i) Individuals with a personal net asset in excess of $2 million ii) Individuals with an income of not less than $300,000 in the past 12 months III) property can only account up to $1m. RedAnt      ( Date: 17-Jun-2019 17:27) Posted: Hello, I thought to apply through ATM or Internet Banking for the public is only the class A-1 Bonds? As stated:- 6) Which class of bonds is being offered to the public in Singapore? Why can&rsquo t I buy Class A-2 Bonds or Class B bonds? Only the Class A-1 Bonds are being offered to the retail public in Singapore. The Class A-2 and Class B Bonds are US$ denominated bonds offered to certain institutional or accredited investors in Singapore and elsewhere outside the United States, but they are not offered to the retail public in Singapore.  Any comments? It my first time looking at a bond issues with three different classes. Cheers
Useful To Me  Not Useful To Me
chengwh1 Elite	17-Jun-2019 21:09        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, you are right. Only the Class A-1 bond fund will be available for subscription via internet or ATM, NOT the other classes. And,... only the Class A-1 will be floated on the exchange, and visible on the SGX Trading Platform. RedAnt      ( Date: 17-Jun-2019 17:27) Posted: Hello, I thought to apply through ATM or Internet Banking for the public is only the class A-1 Bonds? As stated:- 6) Which class of bonds is being offered to the public in Singapore? Why can&rsquo t I buy Class A-2 Bonds or Class B bonds? Only the Class A-1 Bonds are being offered to the retail public in Singapore. The Class A-2 and Class B Bonds are US$ denominated bonds offered to certain institutional or accredited investors in Singapore and elsewhere outside the United States, but they are not offered to the retail public in Singapore.  Any comments? It my first time looking at a bond issues with three different classes. Cheers
Useful To Me  Not Useful To Me
like2learn Veteran	17-Jun-2019 19:15        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	i applied for some - there are screens which prompted us to fill in checkboxes and not just apply blindly. so for the water case, it is a bit difficult to understand when some investors say they dun know can lose money. anyway, for those interested to apply, just a frenly reminder deadline is tmr NOON and it is not risk free.    Good luck to all who applied - hope everyone get some !
Useful To Me  Not Useful To Me
Subaru2018 Senior	17-Jun-2019 17:42        Subaru2018 About Contact  Quote this Post!
x 0   x 0  Alert Admin	let me make a guess, this time most people will get 5000 or 6000 units since there is increased allotment for retail investors
Useful To Me  Not Useful To Me
RedAnt Member	17-Jun-2019 17:27        RedAnt About Contact  Quote this Post! Style: Combined
x 0   x 0  Alert Admin	Hello, I thought to apply through ATM or Internet Banking for the public is only the class A-1 Bonds? As stated:- 6) Which class of bonds is being offered to the public in Singapore? Why can&rsquo t I buy Class A-2 Bonds or Class B bonds? Only the Class A-1 Bonds are being offered to the retail public in Singapore. The Class A-2 and Class B Bonds are US$ denominated bonds offered to certain institutional or accredited investors in Singapore and elsewhere outside the United States, but they are not offered to the retail public in Singapore.  Any comments? It my first time looking at a bond issues with three different classes. Cheers
Useful To Me  Not Useful To Me
destinykraze Elite	17-Jun-2019 09:55        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Yeah, they just have different probability. For e.g temasek bond are all Aaa rated. Astrea V is not an Aaa bond, but it is still an A+. Below shows the 31 yr average default rate for different ratings. Do note that bonds can be downgrade due to market factors.   The vast majority of defaults have occurred among the lowest-rated issuers. The 31-year average for securities rated AAA (the highest rating) and AA were 0.0% and 0.2%, respectively. Comparatively, the default rate among B-rated issuers (the second lowest) was 4.28%, but for the lowest tier, CCC/C, the default rate was 26.85% During reccession, that number will surge tremendously, especially for junk bonds.  john_ric      ( Date: 16-Jun-2019 23:42) Posted: Let s face it. All bonds come with default risk. If scared dont buy. Dont need to crack heads.
Useful To Me  Not Useful To Me
john_ric Supreme	16-Jun-2019 23:42        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let s face it. All bonds come with default risk. If scared dont buy. Dont need to crack heads.
Useful To Me  Not Useful To Me
destinykraze Elite	16-Jun-2019 23:02        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Whats worse, if you google LMIRT, there are tons of bad news for the company. https://www.businesstimes.com.sg/companies-markets/lmirt-q1-dpu-falls-18-as-rental-income-drops-on-lease-expiry destinykraze      ( Date: 16-Jun-2019 23:01) Posted: It is principal guaranteed? Is the trustee a strong backer? The LMIRT' s credit ratings is rated as junk as well.  I cannot help to notice the fact that they are issuing the units  at a discounted price that is 98.973 per cent of the principal amount. If it' s popular there would be no need for discount. Again, risk-reward choice. chengwh1      ( Date: 16-Jun-2019 19:37) Posted: I read one important detail : the LMIRT Capital USD Bonds are GUARANTEED by the Trustee, Perpetual (Asia) Ltd. Hence, will defaults by the Issuer here by ' covered' by Perpetual (Asia)
Useful To Me  Not Useful To Me
destinykraze Elite	16-Jun-2019 23:01        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	It is principal guaranteed? Is the trustee a strong backer? The LMIRT' s credit ratings is rated as junk as well.  I cannot help to notice the fact that they are issuing the units  at a discounted price that is 98.973 per cent of the principal amount. If it' s popular there would be no need for discount. Again, risk-reward choice. chengwh1      ( Date: 16-Jun-2019 19:37) Posted: I read one important detail : the LMIRT Capital USD Bonds are GUARANTEED by the Trustee, Perpetual (Asia) Ltd. Hence, will defaults by the Issuer here by ' covered' by Perpetual (Asia) ? destinykraze      ( Date: 15-Jun-2019 20:42) Posted: LMIRT' s bonds rating is quite bad though.  The Reit received  a corporate family rating of " Ba3" from Moody&rsquo s Investors Service, and an expected long-term issuer default rating of " BB" from Fitch Ratings Singapore. Both agencies gave a stable outlook. The notes are expected to be rated " Ba3" by Moody' s and " BB" by Fitch. It is also another high risk investment. Ba3 =  stable end of the junk-bond rating spectrum
Useful To Me  Not Useful To Me
destinykraze Elite	16-Jun-2019 22:30        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Hyflux perpetual bonds are unrated. If they tried, they would probably get a super low tier junk bond ratings.   Where else Astrea V Class A-1 Bonds are expected to be rated Asf by Fitch and A+ (sf) by S& P. Bonds with such ratings usually offer yields there are slightly lower with because the current market rates are reversing. But in short, there are certain risk investing in it. You have to dyodd to weigh the risk -rewards. Subaru2018      ( Date: 16-Jun-2019 16:13) Posted: Before hyflux perpetual bond, i bet nobody will ever thought that it will default. Tht' s y many retirees put their entire savings in. Astrea bond is used to fund many private funds and getting cashflow from them. If a few of them in trouble or close shop, the bond will have problem refunding yr mony and interests.
Useful To Me  Not Useful To Me
chengwh1 Elite	16-Jun-2019 19:38        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	There are structural safeguards in the Astrea PE Bond Funds,.... Subaru2018      ( Date: 16-Jun-2019 16:13) Posted: Before hyflux perpetual bond, i bet nobody will ever thought that it will default. Tht' s y many retirees put their entire savings in. Astrea bond is used to fund many private funds and getting cashflow from them. If a few of them in trouble or close shop, the bond will have problem refunding yr mony and interests.
Useful To Me  Not Useful To Me
chengwh1 Elite	16-Jun-2019 19:37        chengwh1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I read one important detail : the LMIRT Capital USD Bonds are GUARANTEED by the Trustee, Perpetual (Asia) Ltd. Hence, will defaults by the Issuer here by ' covered' by Perpetual (Asia) ? destinykraze      ( Date: 15-Jun-2019 20:42) Posted: LMIRT' s bonds rating is quite bad though.  The Reit received  a corporate family rating of " Ba3" from Moody&rsquo s Investors Service, and an expected long-term issuer default rating of " BB" from Fitch Ratings Singapore. Both agencies gave a stable outlook. The notes are expected to be rated " Ba3" by Moody' s and " BB" by Fitch. It is also another high risk investment. Ba3 =  stable end of the junk-bond rating spectrum chengwh1      ( Date: 15-Jun-2019 17:22) Posted: Yeah,.... V is NOT guranteed by anybody at all. At least for the upcoming LMIRT 250Mil USD Bonds, these are FULLY-GUARANTEED by Perpetual Asia, the Trustee. This one paying 7.25% summore...
Useful To Me  Not Useful To Me
Subaru2018 Senior	16-Jun-2019 16:13        Subaru2018 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Before hyflux perpetual bond, i bet nobody will ever thought that it will default. Tht' s y many retirees put their entire savings in. Astrea bond is used to fund many private funds and getting cashflow from them. If a few of them in trouble or close shop, the bond will have problem refunding yr mony and interests.
Useful To Me  Not Useful To Me
like2learn Veteran	16-Jun-2019 12:54        like2learn About Contact  Quote this Post!
x 0   x 0  Alert Admin	despite the risks highlighted in the prospectus, i hv a feeling that this will be overscribed by a lot ... look at the demand for the recent unsecured SIA 3.03%. i guess on the bright side(risk wise), nobody is going to be allocated hundreds of thousands unlike the case with some heavily vested hyflux investors. perhaps those who have already exhausted their ssb quota may be more interested... Qanghoo      ( Date: 16-Jun-2019 00:14) Posted: I' ve read no small number of posts in the Hyflux thread where uncles n aunties are labelled ' greedy' for having bought Hyflux' s perpetuals.  Well, let' s just remind ourselves that we are all humans who wld naturally seek to park our funds in investments which we perceive offer the best returns n (hopefully) where our principles are in the safest hands.  Truth though is one can never say never ...... Qanghoo      ( Date: 15-Jun-2019 23:07) Posted: " This product is only suitable for investors who: ....are prepared to lose their principal investment if the Issuer fails to repaythe amount due under the Class A-1 Bonds ......" In short, this is a very clear reminder from the Hyflux book.  Lots of people do have short memories, don' t they
Useful To Me  Not Useful To Me
john_ric Supreme	16-Jun-2019 11:53        john_ric About Contact  Quote this Post!
x 0   x 0  Alert Admin	it is stated openly and clearly that it is NOT guranteed by temasay. dont always compared with the stupid jinx oiv lam hyfak. fairer to look at the previuos astrea bonds. .
Useful To Me  Not Useful To Me
Qanghoo Supreme	16-Jun-2019 00:14        Qanghoo About Contact  Quote this Post!
x 0   x 0  Alert Admin	I' ve read no small number of posts in the Hyflux thread where uncles n aunties are labelled ' greedy' for having bought Hyflux' s perpetuals.  Well, let' s just remind ourselves that we are all humans who wld naturally seek to park our funds in investments which we perceive offer the best returns n (hopefully) where our principles are in the safest hands.  Truth though is one can never say never ...... Qanghoo      ( Date: 15-Jun-2019 23:07) Posted: " This product is only suitable for investors who: ....are prepared to lose their principal investment if the Issuer fails to repaythe amount due under the Class A-1 Bonds ......" In short, this is a very clear reminder from the Hyflux book.  Lots of people do have short memories, don' t they? like2learn      ( Date: 15-Jun-2019 17:11) Posted: i know to some i may be stating the obvious, but anyway, as stated in the first page of prospectus : https://www.astrea.com.sg/file/a5/resources/astrea-v-pte-ltd-final-prospectus-dated-11-june-2019.pdf " This product is only suitable for investors who: ....are prepared to lose their principal investment if the Issuer fails to repaythe amount due under the Class A-1 Bonds ......" dun think it' s guaranteed by Temasek too. Ok well, just like shares, stocks ..... but do note that it is 3.85% returns for the risk undertaken. Go in with eyes open.
Useful To Me  Not Useful To Me
thebearprowl Member	15-Jun-2019 23:18        thebearprowl About Contact  Quote this Post!
x 0   x 0  Alert Admin	In this article reviewing Astrea V (link below), the latest structured bond issue by Temasek for retail investors, we bring to you salient insights and undisclosed risks factors pertinent to the Astrea V bond issue, and also why we think the bonds are not attractive, specifically from the risk to reward profile perspective https://thebearprowl.wixsite.com/website/single-post/2019/06/15/Undisclosed-risk-factors-to-Astrea-V-bonds-and-why-we-think-the-bonds-are-not-of-an-attractive-risk-to-reward-profile
Useful To Me  Not Useful To Me

                                                         First   < Newer   21-40 of 50   Older>   Last