Singapore Airlines to adjust conversion prices of 1.625% convertible bonds

It has outstanding convertible bonds with an aggregate principal amount of $849.75m.

Singapore Airlines Limited has announced an adjustment to the conversion price of its 1.625% convertible bonds due 2025.

The company has outstanding convertible bonds with an aggregate principal amount of $849.75m.

Following the declaration of an interim dividend of 10 Singapore cents per share, the conversion price will be adjusted from $4.9714 to $4.8945, effective 27 November. The adjustment is in line with the terms outlined in the Trust Deed dated 3 December 2020.

The record date for the interim dividend is 5:00 p.m. on Tuesday, 26 November.

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