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SIA aims to raise up to US$750m in US bond deal—report
The airline confirmed it hired banks to explore a deal.
Singapore Airlines is reportedly aiming to raise US$500m to US$750m in a US dollar bond deal according to a report by Reuters.
The airline confirmed that it had hired Citigroup, Inc., DBS, BNP Paribas, and Standard Chartered to explore a deal, without commenting on the deal size.
Citi and DBS will lead the transaction whilst BNP Paribas and Standard Chartered will act as book-runners.
The deal is said to be classified as Reg S, meaning that bonds can only be purchased outside of the United States. If the deal proceeds, this will mark SIA’s second dollar bond issuance after its first one in January last year that raised US$500m.
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