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18 Mar 2025
Astrea VI's 8th Semi-Annual Distribution Report Highlights
Summary:
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Portfolio Value: As of the Distribution Reference Date, the Net Asset Value (NAV) of the Astrea VI portfolio stands at US$837 million.
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Loan-to-Value (LTV) Ratio: The current LTV ratio is 20.4%, well below the maximum threshold of 50%.
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Interest Payments: Semi-annual interest due to bondholders as of 18 September 2024 is as follows:
- Class A-1 Bonds: 3.00% per annum
- Class A-2 Bonds: 3.25% per annum
- Class B Bonds: 4.35% per annum
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Reserves for Class A Bonds: A total of US$83.5 million has been reserved for Class A bonds during this period, comprising:
- Scheduled Reserves: US$51.5 million
- Additional Reserves: US$32 million, allocated due to meeting the Performance Threshold
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Performance Threshold: The Performance Threshold was met as of 18 September 2022, resulting in a Bonus Redemption Premium of 0.50% to be paid to Class A-1 bondholders upon redemption.
Note: All data is sourced from Astrea VI's 7th Semi-Annual Distribution Report to Bondholders.