Singapore Airlines to Tap Temasek Again, Proceeds with Convertible Bond Issue

Posted on 05/20/2021

Like other major airlines impacted by COVID-19, Singapore Airlines (SIA) is reeling from significant losses from its 2020-2021 financial year. SIA is raising debt to strengthen its balance sheet. SIA is raising S$6.2 billion (US$ 4.6 billion) in a convertible bond issue. The offering constitutes the second tranche of its Mandatory Convertible Bonds (MCB) program, […]

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