By Wendy Van Sickle
Columbus, Ohio, March 28 – Singapore Airlines Ltd. upsized its five-year 3.03% notes to S$750 million, according to a notice.
The company announced on March 19 that it priced S$500 million of the notes at par, at which time it said the offering may be upsized, as previously reported.
The issuance settled on Thursday.
DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd. are the joint lead managers and bookrunners.
The flag carrier of Singapore plans to use proceeds to purchase aircraft and to make aircraft-related payments.
| Issuer: | Singapore Airlines Ltd.
|
| Issue: | Bonds
|
| Amount: | S$750 million, increased from S$500 million
|
| Maturity: | March 28, 2024
|
| Bookrunners: | DBS Bank Ltd., Oversea-Chinese Banking Corp. Ltd. and United Overseas Bank Ltd.
|
| Coupon: | 3.03%
|
| Price: | Par
|
| Yield: | 3.03%
|
| Announcement date: | March 19
|
| Settlement date: | March 28
|
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