Mr Ipo Sia Bond

Mr ipo sia bond

It may upsize the offer to up to a maximum of $750m if it gets oversubscribed.

Singapore Airlines (SIA) is proposing to offer five-year fixed rate bonds under its $2b Medium Term Bond Programme which was established on 13 March 2019, an announcement revealed.

The proposed offer will include a placement to institutional investors and relevant persons, and a public offer tranche that will be open to retail investors in Singapore.

Why consider IPOs?

The bonds are expected to comprise up to $500m in aggregate principal amount of fixed rate bonds maturing in 2024.

If there is oversubscription, SIA said it may upsize the offer to up to a maximum of $750m. The Bonds will be issued in denominations of $1,000, and the issue price of the Bonds is intended to be $1,000.

The bonds are intended to be listed on the Singapore Exchange Securities Trading (SGX-ST).

Further details on the offer will be announced in due course after the bookbuilding process. 

Mr ipo sia bond