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

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.