SIA sets S$850m convertible bonds coupon at 1.625%
Five-year bonds upsized due to oversubscription; initial conversion price is S$5.743 for each new ordinary share
Add BT as a preferred source
Singapore
HAVING garnered strong investor interest, Singapore Airlines' (SIA) new S$850 million five-year convertible bonds have been upsized and will carry a 1.625 per cent coupon.
The initial conversion price is S$5.743 for each new ordinary share, said the flag carrier in a filing early Friday. That represents a conversion premium of about 45.8 per cent over SIA's closing stock price on Thursday.
TRENDING NOW
Nvidia will soon face a chip limit, warns Huawei’s top scientist
Cold Storage moves into convenience retail with On The Go, to replace FairPrice at 58 Esso stations
Yeoh Pei Xien: YTL’s third-gen scion with a pastor’s heart
Three Arrows going after founder Zhu Su’s wife for US$40 million from Dubai property sale
