Singapore Airlines prices S$668.9m notes at 5.25%

Fixed interest is paid semi-annually per annum.

Singapore Airlines has launched and priced S$668.9m (US$500M) worth of its notes at 5.25% due 2034 to institutional and accredited investors in Singapore.

The notes’ issue price is 99.65% of its principal amount, in denominations of more than half of three hundred thousand Singapore dollars.

ALSO READ: Singapore Airlines and Shangri-La lead YouGov’s 2024 Women’s Ranking in the travel category

The issuance date will be on 21 March 2024, subject to satisfaction of customary closing conditions. The notes are expected to mature on 21 March 2034.

Net proceeds from the issue will be used by the company for aircraft purchases, aircraft-related payments, and general corporate or working capital purposes which includes refinancing of the company’s existing borrowings.

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