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%
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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