SIA prices $500m bond at 2.70% to fund fleet
It is leveraging its $10b multicurrency medium-term note programme for this sale.
Singapore Airlines Ltd. has priced $500m in 10-year fixed-rate notes at a 2.70% annual interest rate to be used for aircraft purchases, aircraft-related payments, refinancing existing borrowings and working capital.
The company is tapping debt markets under its $10b multicurrency medium-term note programme.
The Series 012 notes are expected to be issued on 30 January 2026 and mature on 30 January 2036, with interest payable semi-annually in $250,000 denominations, the carrier said in a filing.
They are being offered to institutional and accredited investors in Singapore and internationally outside the United States under Regulation S.
DBS Bank Ltd., Oversea-Chinese Banking Corporation, United Overseas Bank Ltd. and Standard Chartered Bank (Singapore) are joint global coordinators and lead managers on the issuance.
The issuance follows Singapore Airlines’ strategy of tapping both local and international debt markets to secure long-term funding amid capital investments and refinancing need, according to the company announcement.