Singapore Airlines Bolsters Cash Reserves With New $630M Bond
Credit: Joe Pries
SINGAPORE—Singapore Airlines (SIA) has raised S$850 million ($630 million) in a convertible bond issue exercise reserved for a “variety of institutional investors.” The five-year bond will carry a yield of 1.625% per annum and could be converted into shares worth S$5.743 per share, a premium of 45...
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