Singapore Airlines aims to raise US$500m-750m in US bond deal: sources
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[SYDNEY] Singapore Airlines is aiming to raise US$500 million to US$750 million in a US dollar bond deal, according to 2 sources with direct knowledge of the matter.
The sources could not be named as the information was not yet made public.
Singapore Airlines did not immediately respond to a request for comment.
The airline has mandated banks to work on the transaction and will start briefings with investors about the deal on Tuesday (Jan 11), a term sheet seen by Reuters showed.
Citigroup and DBS are leading the transaction, with BNP Paribas and Standard Chartered as book runners, the term sheet showed.
The deal is classified as Reg S, which means the bonds can only be purchased by investors outside of the United States.
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