Singapore Airlines raises offer price of 10-year bond issue to $500m

It was initially launched at an offer size of $300m.

Singapore Airlines has increased the offer size of its 10-year bond issue from $300m to $500m after what the company saw that a “strong appetite was apparent from a select group of private investors.”

The 10-year bonds will carry a competitive coupon of 3.5% per annum.

“This issuance further strengthens the Company’s liquidity position, and the proceeds will be used for general purposes including refinancing of existing borrowings,” SIA said.

SIA has raised a total of $12.7b since the start of FY 2021. This includes $8.8 billion from SIA’s successful rights issue, $2 billion from secured financing, $850 million via a recent convertible bond issue, and more than $500 million through new committed lines of credit and a short-term unsecured loan.

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