By Marisa Wong
Los Angeles, Nov. 24 – Singapore Airlines Ltd. announced it priced S$500 million of 10-year notes at par to yield 3½%.
DBS Bank Ltd. and United Overseas Bank Ltd. are the joint lead managers.
The deal was upsized from the originally launched S$300 million in response to demand from private investors, according to a company press release.
The series 008 notes will be issued under the airline’s S$10 billion multicurrency medium-term note program.
The flag carrier of Singapore plans to use proceeds for general corporate or working capital purposes, including the refinancing of existing borrowings.
| Issuer: | Singapore Airlines Ltd.
|
| Issue: | Medium-term notes, series 008
|
| Amount: | S$500 million
|
| Maturity: | Dec. 1, 2030
|
| Managers: | DBS Bank Ltd. and United Overseas Bank Ltd.
|
| Coupon: | 3½%
|
| Price: | Par
|
| Yield: | 3½%
|
| Pricing date: | Nov. 24
|
| Settlement date: | Dec. 2
|
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