STOCKS | Staff Reporter, Singapore

Surbana Jurong further subscribes to $300m of Changi Airports' bonds

This follows after the firm first subscribed for $500m bonds of Changi Airports.

Surbana Jurong Capital (Aviation) Pte. Ltd., an indirect wholly-owned subsidiary of Surbana Jurong Private Limited, has on 11 April 2019 subscribed for $300m in aggregate principal amount of bonds and 300 million warrants issued Changi Airports International, an announcement revealed.

This follows after Surbana Jurong subscribed to $500m of Changi Airports International’s fixed rate bonds due 2029 and 300 million detachable warrants last 27 March.

These bonds bore interest at the rate of 5% per annum and mature on the tenth anniversary of the date of issue of the first tranche of the bonds.

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