Published on 3/26/2014 in the Prospect News Emerging Markets Daily.
New Issue: Singapore Airlines prices S$500 million notes due 2021, 2024
By Christine Van Dusen
Atlanta, March 26 - Singapore Airlines priced a combined S$500 million of notes in seven- and 10-year tranches on Wednesday, a market source said.
The S$200 million tranche of notes due 2021 priced at par to yield 3.145%. The S$300 million tranche of notes due 2024 also priced at par to yield 3¾%.
| Issuer: | Singapore Airlines
|
| Amount: | S$500 million
|
| Description: | Senior notes
|
| Bookrunner: | DBS
|
| Trade date: | March 26
|
| Settlement date: | April 8
|
| Distribution: | Regulation S
|
|
|
| Seven-year notes
|
| Amount: | S$200 million
|
| Maturity: | April 8, 2021
|
| Coupon: | 3.145%
|
| Price: | Par
|
| Yield: | 3.145%
|
|
|
| 10-year notes
|
| Amount: | S$300 million
|
| Maturity: | April 8, 2024
|
| Coupon: | 3¾%
|
| Price: | Par
|
| Yield: | 3¾%
|
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