Singapore Airlines readies 10-year dollar bond issuance, term sheet shows
SINGAPORE Airlines is preparing to issue a 10-year dollar bond that could raise at least US$300 million, according to three sources with direct knowledge of the matter.
Initial price guidance for the deal has been set at the 10-year US Treasury rate plus 150 basis points, a term sheet seen by Reuters showed. The size of the deal could reach US$500 million, one of the sources added.
The sources could not be identified discussing confidential information.
“At this juncture, a 10-year US dollar bond issuance looks attractive,” a Singapore Airlines spokesperson said, adding the company regularly reviewed its funding requirements versus its existing cash position.
Orders worth more than US$1 billion have been lodged on Thursday by potential investors, a book message sent by the deal’s bankers showed. REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s BYD will consider second Europe plant in 2025, executive says
Sri Trang Gloves Q1 net profit up 10.9% to 146.8 million baht
Kimly H1 net profit dips 6.1% to S$17.5 million
Frasers Property in talks to sell serviced apartments, former Zouk warehouses in Jiak Kim Street, say sources
Geo Energy Resources Q1 net profit falls 46% to US$8.7 million
TikTok to label AI-generated content from OpenAI and elsewhere