SIA 5-year retail bonds

SpinFire

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SINGAPORE Airlines is proposing to offer S$500 million of five-year fixed-rate bonds to both institutional and retail investors, with the offer to be upsized to S$750 million if response is overwhelming.

In a regulatory filing on Tuesday, the national carrier said that the proposed offer - under its S$2 billion medium-term bond programme established on March 13 - includes a placement to institutional investors and relevant persons (each as defined in the Securities and Futures Act), and a public offer tranche that will be open to retail investors in Singapore.

The bonds are expected to comprise up to S$500 million in aggregate principal amount of fixed rate bonds maturing in 2024. If there is over-subscription, the offer may be upsized to a maximum of S$750 million.

The bonds will be issued in denominations of S$1,000 with an issue price of S$1,000, and are intended to be listed on the Singapore Exchange.

Source: https://www.businesstimes.com.sg/co...rate-bonds-for-institutional-retail-investors

Rate at 3.03%
 
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limster

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+1 while waiting for the keyboard warriors to ask "safe or not?", "can lose money?" :s13:


I'm definitely pressing for this one. =:p
 

SpinFire

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They may even think it’s not safe because of the B737 issue
 

Pocoyoz

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Can stag anot?

Sent from Pocoyo fan club using GAGT
 

coolmyth

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Camping for sexperts analysis. :s13:

This bond part of the borrowing to build T5? No, right? :s11:
 

bobobob

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Never buy retail bond before. How does it work, through ibanking? Any service charge?
 

kehyi4

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https://www.businesstimes.com.sg/companies-markets/sia-to-offer-s500m-5-year-fixed-rate-bonds-for-institutional-retail-investors

Bond rate not out yet. As a comparison, Temasek 5 year retail bond was priced at 2.7%, SIA 5 year will probably be around 3%.
https://www.businesstimes.com.sg/companies-markets/sia-to-offer-s500m-5-year-fixed-rate-bonds-for-institutional-retail-investors

SIA to offer S$500m 5-year fixed-rate bonds for institutional, retail investors
UPDATED TUE, MAR 19, 2019 - 11:22 AM

SINGAPORE Airlines is proposing to offer S$500 million of five-year fixed-rate bonds to both institutional and retail investors, with the offer to be upsized to S$750 million if response is overwhelming.

In a regulatory filing on Tuesday, the national carrier said that the proposed offer - under its S$2 billion medium-term bond programme established on March 13 - includes a placement to institutional investors and relevant persons (each as defined in the Securities and Futures Act), and a public offer tranche that will be open to retail investors in Singapore.

The bonds are expected to comprise up to S$500 million in aggregate principal amount of fixed rate bonds maturing in 2024. If there is over-subscription, the offer may be upsized to a maximum of S$750 million.

The bonds will be issued in denominations of S$1,000 with an issue price of S$1,000, and are intended to be listed on the Singapore Exchange.

A bookbuilding process with institutional investors and relevant persons will commence shortly, while further details on the offer will be announced after the bookbuilding process. According to an earlier media statement, net proceeds will be used to refinance existing borrowings, finance investments and fixed assets and for general working capital purposes.

DBS has been appointed as arranger of the programme, while DBS, OCBC and UOB were named as programme's dealers.

SIA was the first listed company to sell S$150 million in bonds to retail investors in 2010, with a minimum subscription of S$10,000.
 

yiron

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Will decide when the yield is out. Will not consider if below 3.5%.

Low to no chance that it will be 3.5% or higher.
In Oct18 it issued 5Y @ 3.16%, min $250k.
SSB 5Y average back then was 2.22%. Current SSB 5Y is 2.01%.
My guess is that the SIA bonds will be 3% to 3.1%.
 
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