Singapore Airlines Raises Half Billion In New U.S.-Dollar Bonds
Credit: Singapore Airlines
Pre-crisis, Singapore Airlines had already started to hand back some of its A380 aircraft to Germany-based lessor Dr. Peters in 2017. Its 12 remaining A380s all remain parked as a result of COVID-19 shutting down passenger travel, and while it still intends to phase out all of the aircraft as part of a wider fleet downsizing program, it has undertaken upgrades on its A380s during the downtime. SINGAPORE—Singapore Airlines (SIA) said it has raised $500 million (S$377 million) in its second bond issuance in as many months. The exercise was at least five times oversubscribed, at a demand worth $2.85 billion by institutional investors and “real money asset managers.” The bond issue is the...
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