SIA spends around 30% in convertible bonds on aircraft payments

The use of the proceeds followed those indicated in an Offering Circular.

Singapore Airlines Limited (SIA) spent $249.4m out of $850m in convertible bonds due 2025 towards capital expenditure concerning aircraft payments.

The airline company referred to the $850m worth of convertible bonds in its previous announcements on 12 November 2020, 13 November 2020, 1 December 2020, and 3 December 2020, and an offering circular dated 1 December 2020.

The use of the proceeds followed those indicated in the offering circular.

READ MORE: SIA Engineering appoints new CEO

SIA will make further announcements regarding where it will spend the remaining proceeds of the Convertible Bunds until fully utilised.

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