SIA launches S$700m notes due 2027

SINGAPORE Airlines announced on Monday that it has launched and priced S$700 million, 3.13 per cent notes due 2027 comprised in Series 006.

This comes under its S$5 billion multi-currency medium-term note programme. The notes will be issued at an issue price of 100 per cent of their principal amount and in denominations of S$250,000, with a fixed interest rate of 3.13 per cent, payable semi-annually.

The net proceeds from the issue of the notes under the programme will be used for general corporate and working capital purposes.

DBS Bank, Standard Chartered Bank and The Hongkong and Shanghai Banking Corporation Limited are the joint lead managers.