SIA's S$500m 5-year bonds will pay 3.03% interest
Analysts expect strong market reception; bond may be upsized to S$750 million if there is oversubscription
Add BT as a preferred source
Singapore
SINGAPORE Airlines' (SIA) proposed offer of S$500 million five-year, fixed- rate bonds may be just what yield-hungry small investors have been waiting for. This bond offering the second in nine years targeted at retail investors.
Ang Chung Yuh, manager of fixed income division at iFast, told The Business Times that he expects strong reception for the national carrier's new bond, "given the scarcity of retail corporate bonds in the market, and Singapore Airlines' healthy credit profile".
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
UMS Integration closes 10.2% higher after posting ‘strong’ double-digit sales growth in Q1
