The Business Times
business-time-50
SUBSCRIBERS

SIA’s mandatory convertible bonds worth a look now as yield rises, recovery takes off

google-preferred-sourceAdd BT as a preferred source
Tay Peck Gek

Tay Peck Gek

Published Tue, May 24, 2022 · 05:50 AM
    • Singapore Airlines is expected by analysts to turn in a profit FY2023
    • Singapore Airlines is expected by analysts to turn in a profit FY2023 EPA-EFE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    MANDATORY convertible bonds (MCBs) sold by Singapore Airlines (SIA) over the last 2 years could offer an interesting investing opportunity amid growing optimism that the carrier is firmly on a recovery track.

    On Monday (May 23), the MCBs issued in 2020 were trading marginally below par, at S$0.990. The 2021 tranche of MCBs was trading at S$0.958.

    The zero-coupon MCBs worth S$9.7 billion in total issue value with maturity in 2030 were liquidity lifelines for the mainboard-listed airline when it was pummelled by the pandemic and navigating the toughest year in its history in 2020.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Hock Lock SiewSingapore AirlinesBonds

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    In this economy, the smartest bets might no longer be sitting an ocean away, but are waiting right here at home.

    ‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

    South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

    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