SIA to issue $2b of medium-term bonds

DBS has been appointed as the arranger of the bond programme.

Singapore Airlines (SIA) has established a $2b Medium Term Bond Programme, an announcement revealed.

DBS has been appointed as the arranger of the programme, whilst DBS, OCBC, and UOB have been appointed as the programme dealers.

The bonds may be issued in series or tranches in Singapore dollars or any other currency as may be agreed between the SIA and relevant dealers.

The net proceeds from the bond issues will be used to refinance existing borrowings, finance investments, and fixed assets and for general working capital purposes, or as may be specified in the relevant pricing supplement.

SIA has applied for the SGX-ST’s permission for permission to deal in and the quotation for any bonds to be so listed on the SGX-ST.

The airline had previously tapped the bond market in October 2018 and August 2017, issuing $600m worth of five-year 3.16% bonds and $700m worth of 10-year 3.13% bonds respectively.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia