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
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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".
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