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Astrea IV issues partial call, clean-up call for 6¾% bonds due 2028
By Marisa Wong
Los Angeles, Dec. 6 – Astrea IV Pte. Ltd. will redeem $44,637,453.32 principal amount of its $ 6¾% class B secured bonds due 2028 (ISIN: XS1830904709), according to a notice.
The partial redemption will be carried out on Dec. 14 on a pro rata basis.
Following this partial redemption, the outstanding principal amount of the class B bonds will fall below $30 million.
As a result, the issuer will exercise its clean-up call option and will redeem the remaining $13,662,546.68 principal amount on Dec. 14.
After the clean-up call, the ending principal balance for the class B bonds will be zero.
As previously reported, the issuer had redeemed $51.7 million of the original $110 million principal amount in June, leaving $58.3 million outstanding.
The issuer is a private equity collateralized fund obligation, whose ultimate owner is Temasek Holdings (Private) Ltd. Temasek is an investment company based in Singapore.
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