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Singapore Airlines spends last S$600m of 2020 rights issue

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Uma Devi

Uma Devi

Published Thu, Sep 16, 2021 · 09:50 PM

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    Singapore

    SINGAPORE Airlines (SIA) on Thursday said that it has exhausted the S$8.8 billion in gross proceeds raised from its rights issue in June last year, with the last S$600 million having been used for aircraft and aircraft-related payments between July 1 and Sept 1.

    In a filing to the Singapore Exchange, the flag carrier said that the net proceeds of S$6.2 billion from the issuance of additional mandatory convertible bonds (MCBs) in June this year had yet to be utilised as at Thursday.

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