Singapore Airlines to launch US dollar debt

The size of the deal has yet to be officially set but it is expected to be a “benchmark” transaction which means it should raise at least US$300mil, according to a source with direct knowledge of the matter.

SINGAPORE: Singapore Airlines launched its first US dollar bond yesterday to help fund the purchase of new aircraft, according to a term sheet seen by Reuters.

The size of the deal has yet to be officially set but it is expected to be a “benchmark” transaction which means it should raise at least US$300mil, according to a source with direct knowledge of the matter.