More capital needed: A Singapore Airlines Airbus A380 plane is parked on the tarmac at Changi International Airport in Singapore. SIA’s latest announcement comes shortly after the airline last week said its new S$850mil five-year convertible bonds have been upsized amid strong investor interest, and will carry a 1.625% coupon.—AFP
SINGAPORE: Singapore Airlines (SIA) has upsized its multicurrency medium-term note programme limit to S$10bil, up from S$5bil previously, the flag carrier said in a bourse filing on Tuesday.
Net proceeds from the issuance of notes under this programme will be used for general corporate or working capital purposes, or other such purpose(s) as may be specified in the relevant pricing supplement, SIA noted.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
