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SIA issues S$700m in 10-year bonds

Singapore Airlines has issued S$700 million ($513 million) worth of 10-year notes under its S$5 billion multicurrency medium-term programme.

In a disclosure to the Singapore Stock Exchange, the Star Alliance carrier says the notes will be issued on 23 August and will bear a fixed coupon of 3.13%. Payments will be made semi-annually and the notes will mature on 23 August 2027.

The notes will also have an issue price of 100% of their principal amount and be in denominations of S$250,000.

Net proceeds will be used for general corporate and working capital purposes, adds SIA.

DBS Bank, Standard Chartered Bank and The Hongkong and Shanghai Banking Corporation are the joint lead managers of the issue.

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