SIA mulling over possibility of raising funds in US$ bonds
Such a move may up borrowing costs for the carrier as it plans to spend S$30.1b in the next 5 years, mostly on planes
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Hong Kong
AS Singapore Airlines (SIA) Ltd considers broadening its debt sources amid plans to spend S$30.1 billion, some analysts are pointing to the likelihood of a shift to US-dollar bonds and the higher borrowing costs that may entail.
Chief financial officer Stephen Barnes said on May 19 that the carrier is looking to raise funds in different currency bonds. "Frankly, we will want to diversify," he said, without mentioning any specific currencies. While the local currency market has been "quite receptive" to its issues, the airline is in "no pressing hurry" to diversify its funding and will take its time over the next year or so to look at options, Mr Barnes said.
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