SIA: S$500 Million 3.5% 10-Year Bond Due 2030.

24 Nov 2020 17:20

Singapore Airlines has successfully raised S$500 million via a private placement of new 10-year bonds. The offer was launched at an offer size of S$300 million in response to an initial expression of interest, and was increased to S$500 million after strong appetite was apparent from a select group of private investors. The 10-year bonds will carry a competitive coupon of 3.5% p.a.. DBS Bank and United Overseas Bank acted as joint lead managers of the issue...

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