Singapore Airlines has launched a S$600 million ($435 million) bond issue, with funds raised to go towards aircraft purchases and related payments.

The notes will issue on 25 October and mature in 2023, and have been priced at a fixed rate of 3.16%.

An application has been made to have the notes listed on the Singapore Exchange debt market.

DBS, OCBC and UOB Bank are acting as joint lead managers.

The new bond issuance is being conducted under the airline’s S$5 billion multicurrency medium-term note programme.

Source: Cirium Dashboard