Singapore Airlines prices 1.5 billion yuan dim sum notes at 2.38%
Proceeds will go towards aircraft purchases and aircraft-related payments, among uses
[SINGAPORE] Singapore Airlines (SIA) is issuing 1.5 billion yuan (S$286.4 million) worth of 2.38 per cent five-year fixed rate dim sum bonds – an offshore yuan bond issued outside mainland China – at par under its S$10 billion multi-currency medium-term note programme.
The notes are expected to be issued on Jun 30, 2026, and to mature on Jun 30, 2031.
Net proceeds from the issue will be used by the company for aircraft purchases and aircraft-related payments, as well as general corporate or working capital purposes, including refinancing of its existing borrowings, SIA said in a bourse filing on Tuesday (Jun 23).
SIA shares closed at S$7.37 on Tuesday, up 0.6 per cent or S$0.04, prior to the announcement.
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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Government to bring forward raising of retirement age, give employers more financial support to create flexi-load jobs
If Europe goes to war, the fallout will be felt in East Asia
Indonesia stocks suffer worst plunge in nearly 30 years as MSCI proposes standalone status
Vietnam’s northern provinces, not Hanoi or Ho Chi Minh City, are powering near 10% GDP growth
