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%
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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.
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