This Temasek subsidiary's private-equity bond for retail investors could spice up the market

SINGAPORE (June 8): Azalea Investment Management, a Temasek Holdings subsidiary, has launched what is believed to be the world’s first listed private-equity bond for retail investors. And the move could add more variety to Singapore’s stock market.

Previously, private-equity investments were almost exclusively the domain of sophisticated investors and institutions. Bonds sold locally had to be in tranches of at least $200,000. The Astrea IV Bonds, as Azalea’s new offering is called, will be available for subscription at a minimum of $2,000 each.

The Astrea IV PE Bonds is the fourth in the series, but the first to be offered to retail investors. The first two in the series were launched by parent company Temasek Holdings, while the third and fourth were launched by Azalea.

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