By Marisa Wong
Morgantown, W.Va., Oct. 18 – Singapore Airlines Ltd. announced it priced S$600 million of five-year notes at par to yield 3.16%.
DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. are the joint lead managers.
The series 007 notes will be issued under the airline’s S$5 billion multicurrency medium-term note program.
The flag carrier of Singapore plans to use proceeds to purchase aircraft and to make aircraft related payments.
Issuer: | Singapore Airlines Ltd.
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Issue: | Medium-term notes, series 007
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Amount: | S$600 million
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Maturity: | Oct. 25, 2023
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Managers: | DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd.
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Coupon: | 3.16%
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Price: | Par
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Yield: | 3.16%
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Pricing date: | Oct. 18
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Settlement date: | Oct. 25
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