|Class||Principal Amount||Interest Rate||Scheduled Call Date||Interest Rate Step-up||Ratings (Fitch/S&P)1||Maturity Date|
|A-1||S$315 million||3.85% p.a.||20 June 2024||1.0% p.a.||Asf/A+ (sf)||20 June 2029|
|A-2||US$230 million||4.50% p.a.||20 June 2024||1.0% p.a.||Asf / Not rated||20 June 2029|
|B||US$140 million||5.75% p.a.||Not Applicable||Not Applicable||BBBsf / Not rated||20 June 2029|
The following diagram illustrates the structure through which the three Classes of Bonds will be issued.
Cash distributions from the PE Funds are received by the Issuer. The Issuer then pays out available cash through the Priority of Payments semi-annually.
Below is a simplified illustration of the cash flow and Priority of Payments.
The quality Transaction Portfolio is diversified across 38 PE Funds, managed by 32 GPs and invested across 862 Investee Companies. The Transaction Portfolio has a weighted average fund life of 5.4 years, and is mature and cash generative.
|Number of PE Funds||38||NAV||$1,324.4m|
|Number of GPs||32||Undrawn Capital Commitments||$215.0m|
|Number of Investee Companies (as of 31 December 2018)||862||Total Exposure||$1,539.4m|
|Weighted Average Age||5.4 years||Capital Commitments||$1,376.4m|
|Range of Vintage Years||2011-2016|