By Mary-Katherine Stinson
Lexington, Ky., March 15 – Singapore Airlines Ltd. priced $500 million of 5¼% notes due 2034 at 99.646, according to a notice.
The series 011 notes will be issued under the airline’s S$10 billion multicurrency medium-term note program.
The Regulation S notes will be callable at par plus interest starting Jan. 21, 2034, two months prior to maturity.
Citigroup Global Markets Singapore Pte. Ltd. and DBS Bank Ltd. are the joint global coordinators for the offering and Citigroup, DBS, HSBC Ltd., Singapore Branch and J.P. Morgan Securities Asia Private Ltd. are the joint lead managers.
The company will apply to list the notes on the Singapore Exchange.
The flag carrier of Singapore plans to use proceeds for general corporate or working capital purposes, including the refinancing of existing borrowings.
| Issuer: | Singapore Airlines Ltd.
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| Amount: | $500 million
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| Issue: | Medium-term notes, series 011
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| Maturity: | March 21, 2034
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| Managers: | Citigroup Global Markets Singapore Pte., Ltd., DBS Bank Ltd., HSBC Ltd., Singapore Branch and J.P. Morgan Securities Asia Private Ltd.
|
| Coupon: | 5¼%
|
| Price: | 99.646
|
| Call option: | In whole or in part at par plus interest starting Jan. 21, 2034
|
| Announcement date: | March 15
|
| Settlement date: | March 21
|
| Distribution: | Regulation S
|
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