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SIA proposes convertible bond issue with indicative size of S$850m
Carrier expects to use proceeds to fund operating cash flow, debt service and capital expenditure
Janice Heng &
Claudia Tan HS
Published Thu, Nov 12, 2020 · 09:50 PM
Singapore
SINGAPORE Airlines (SIA) is proposing to issue up to S$850 million in the principal amount of bonds, convertible into new ordinary shares in the company's capital, it announced on Thursday night after market close.
The convertible bonds are proposed to be placed with institutional investors and other investors. HSBC has been appointed as the sole book runner and lead manager.
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