Ahead of Singapore Airlines EGM, Sias raises questions about cash call
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Singapore
THE Securities Investors Association (Singapore) or Sias has released a list of questions for Singapore Airlines (SIA) to address before the national carrier's April 30 extraordinary general meeting (EGM) on its proposed S$15 billion debt and equity capital raising.
The airline last month announced the massive cash call to tide it over the coronavirus pandemic that has decimated global air travel. One part of it is a proposed S$8.8 billion renounceable rights issue. This comprises a three-for-two issue of up to 1.78 billion shares to raise S$5.3 billion and an offering of up to S$3.5 billion in 10-year mandatory convertible bonds (MCBs).
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