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.
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