, Singapore
125 views

SIA set to issue $500m of five-year fixed rate bonds

It may upsize the offer to up to a maximum of $750m if it gets oversubscribed.

Singapore Airlines (SIA) is proposing to offer five-year fixed rate bonds under its $2b Medium Term Bond Programme which was established on 13 March 2019, an announcement revealed.

The proposed offer will include a placement to institutional investors and relevant persons, and a public offer tranche that will be open to retail investors in Singapore. The bonds are expected to comprise up to $500m in aggregate principal amount of fixed rate bonds maturing in 2024.

If there is oversubscription, SIA said it may upsize the offer to up to a maximum of $750m. The Bonds will be issued in denominations of $1,000, and the issue price of the Bonds is intended to be $1,000.

The bonds are intended to be listed on the Singapore Exchange Securities Trading (SGX-ST). Further details on the offer will be announced in due course after the bookbuilding process. 

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.


If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Top News

MAS fines doctor $120,000 for insider trading
The case involved purchases of Singapore Medical Group shares before its privatisation offer was announced.
Admiralty Walk EC site may draw up to four bids
Analysts expect developers to bid cautiously due to the site’s distance from the MRT station.

Exclusives

Singapore, Hong Kong take rival paths to capture global gold trade
One builds MAS-backed vaulting for central banks, the other opens a pipeline to Shanghai.
Monday.com picks Singapore for Southeast Asia expansion
Its in-house designers created Singapore-inspired artwork in the company's colors.
Tsuklio targets dual-income families in Singapore expansion
The Japanese meal subscription platform logged 3,000 pre-registrations before launch.