SUBSCRIBERS

Singapore Airlines raises US$500m in oversubscribed US-dollar debt debut

The notes, due 2026, will be issued at 99.573% of their principal amount with an annual coupon of 3%

Vivienne Tay

Published Fri, Jan 15, 2021 · 05:50 AM

Singapore

SINGAPORE Airlines (SIA) has raised US$500 million via its first US dollar-denominated bond issue. The notes, due 2026, will be issued at 99.573 per cent of their principal amount with an annual coupon of 3 per cent.

The national carrier said on Thursday that the issuance was oversubscribed with the final demand tallying at more than US$2.85 billion, anchored by high-quality institutional investors including real money asset managers.