Singapore Airlines readies 10-year dollar bond issuance, term sheet shows
SINGAPORE Airlines is preparing to issue a 10-year dollar bond that could raise at least US$300 million, according to three sources with direct knowledge of the matter.
Initial price guidance for the deal has been set at the 10-year US Treasury rate plus 150 basis points, a term sheet seen by Reuters showed. The size of the deal could reach US$500 million, one of the sources added.
The sources could not be identified discussing confidential information.
“At this juncture, a 10-year US dollar bond issuance looks attractive,” a Singapore Airlines spokesperson said, adding the company regularly reviewed its funding requirements versus its existing cash position.
Orders worth more than US$1 billion have been lodged on Thursday by potential investors, a book message sent by the deal’s bankers showed. REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions
Google to pay up to US$6 million to News Corp for new AI content, The Information reports
Restaurant Brands tops estimates as Burger King overhaul pays off
Yen falls after suspected intervention on Monday; eyes on Fed
US: Wall St opens lower on labour costs data
TikTok shop tops 500,000 US sellers after 2023 e-commerce launch