By Marisa Wong
Morgantown, W.Va., April 4 – Singapore Airlines Ltd. announced it priced S$700 million of eight-year notes at par to yield 3.035%.
DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd., Standard Chartered Bank and United Overseas Bank Ltd. are the joint lead managers.
The series 005 notes will be issued under the airline’s S$5 billion multicurrency medium-term note program. The MTN program was increased from S$2 billion, as announced on Monday.
The flag carrier of Singapore plans to use proceeds for general corporate or working capital purposes.
| Issuer: | Singapore Airlines Ltd.
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| Issue: | Medium-term notes, series 005
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| Amount: | S$700 million
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| Maturity: | April 11, 2025
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| Coupon: | 3.035%
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| Price: | Par
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| Yield: | 3.035%
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| Managers: | DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd., Standard Chartered Bank and United Overseas Bank Ltd.
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| Pricing date: | April 4
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| Settlement date: | April 11
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