Singapore Airlines to partially redeem 0% convertibles on June 24

By Mary-Katherine Stinson

Lexington, Ky., May 17 – Singapore Airlines Ltd. will redeem 50% of its S$6,196,793,517 0% mandatory convertible bonds (ISIN: SGXF74459318) on a pro rata basis and at the relevant accreted principal amount of 108.243 on June 24, according to a notice.

The partial redemption amount is S$3,098,396,758.50, subject to rounding adjustments by the Central Depository (Pte) Ltd.

The redemption payment will occur on June 26, as the redemption date is not a business day.

There will be no interest paid as a result of the delayed payment date.

HSBC Institutional Trust Services (Singapore) Ltd. is the trustee.

Singapore Airlines is the flag carrier of Singapore.

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