Singapore Airlines prices 1.5 billion yuan dim sum notes at 2.38%

[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.