By William Gullotti
Buffalo, N.Y., Jan. 13 – Singapore Airlines Ltd. priced $600 million of 3 3/8% notes due 2029 at 99.273, according to a notice on Thursday.
The series 010 notes will be issued under the airline’s S$10 billion multicurrency medium-term note program.
The Regulation S notes will be callable at par plus interest starting Nov. 19, 2028.
Citigroup Global Markets Singapore Pte., Ltd. and DBS Bank Ltd. are the joint global coordinators for the offering, also serving as joint lead managers with Standard Chartered Bank (Singapore) Ltd. and BNP Paribas.
Proceeds from the issue will be used for aircraft purchases, aircraft-related payments and general
corporate or working capital purposes, including refinancing existing debt.
The company will make an application to list the notes on the Singapore Exchange.
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 010
|
| Amount: | $600 million
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| Maturity: | Jan. 19, 2029
|
| Managers: | Citigroup Global Markets Singapore Pte., Ltd., DBS Bank Ltd., Standard Chartered Bank (Singapore) Ltd. and BNP Paribas
|
| Coupon: | 3 3/8%
|
| Price: | 99.273
|
| Call option: | In whole or in part at par plus interest starting Nov. 19, 2028
|
| Announcement date: | Jan. 13
|
| Settlement date: | Jan. 19
|
| Distribution: | Regulation S
|
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