Chicago, March 19 – Singapore Airlines Ltd. announced it priced S$500 million of five-year notes at par to yield 3.03%.
The issue may be upsized to S$750 million.
The issue includes S$300 million of bonds which will be offered as a public offer to retail investors, and S$200 million which will be offered to institutional investors and relevant persons.
Proceeds will be used for aircraft purchases and aircraft related payments.
DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. are the joint lead managers and bookrunners.
The flag carrier of Singapore plans to use proceeds to purchase aircraft and to make aircraft related payments.
| Issuer: | Singapore Airlines Ltd.
|
| Issue: | Bonds
|
| Amount: | S$500 million
|
| Maturity: | March 28, 2024
|
| Bookrunners: | DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd.
|
| Coupon: | 3.03%
|
| Price: | Par
|
| Yield: | 3.03%
|
| Announcement date: | March 19
|
| Settlement date: | March 28
|
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