The Business Times
business-time-50

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

google-preferred-sourceAdd BT as a preferred source

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.

    Singapore AirlinesBondsAirlines

    TRENDING NOW

    Why is Apac poised to become such a significant market for aviation?

    Asia-Pacific aviation: is up really the only way?

    ‘If a family develops a muscle for decision-making through philanthropy, these abilities can be carried across into more complex and emotionally charged conversations around succession, inheritance and stewardship,’ says Scott Chang, head of philanthropy, Asia, wealth planning and family advisory at Standard Chartered Global Private Bank.

    Philanthropy should belong in the family wealth conversation: Standard Chartered Global Private Bank

    Russian President Vladimir Putin (right) meeting Myanmar President Min Aung Hlaing (left) at the Grand Kremlin Palace in Moscow on Aug 18.

    Russia’s ‘pivot to Asia’ takes a turn as it prioritises ties with isolated regimes over bigger economies

    Andrew Yeo was at the helm of Income Insurance in July 2024 when Allianz proposed to buy a majority stake in it.

    Income Insurance CEO Andrew Yeo resigns, company in process of identifying successor

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More