Singapore Airlines trims conversion price on two convertibles

By Marisa Wong

Los Angeles, Aug. 2 – Singapore Airlines Ltd. adjusted the conversion price for two series of convertibles, according to separate notices.

The conversion price of the company’s outstanding S$850 million 1.625% convertible bonds due 2025 will be adjusted to S$5.3620 from S$5.6309 per share.

The conversion price of the outstanding S$6,196,793,517 zero-coupon mandatory convertible bonds due 2030 will be adjusted to S$4.5186 per share from S$4.7453 per share.

The new conversion prices will take effect from Aug. 3.

The adjustments are due to a final dividend of S$0.28 per share for the year ended March 31.

Singapore Airlines is the flag carrier of Singapore.

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