SIA upsizes 3.03% five-year bonds to $750m

The final placement size is at $300m whilst the public offer size is at $450m.

Singapore Airlines has upsized their offer of $500m in aggregate principal amount of 3.03% five-year bonds to $750m, increasing the issue size by $100m for the placement and by $150m for the public offer.

Final placement size is at $300m whilst the public offer size $450m aggregate principal amount of bonds.

Applications amounting to about $1b received under the placement during the initial book building period represent a subscription rate of 5.18 times based on the initial placement size.

The valid applications totalling to about $526m received under the public offer represent a subscription rate of about 1.17 times the final public offer size of $450m.