About $849.8 million in aggregate principal amount are outstanding as at Aug 2. The adjusted conversion price will take effect from Aug 5. Any exercise of SIA’s conversion rights before Aug 2 will be based on the conversion price of $5.2744.
Singapore Airlines (SIA) will adjust the conversion price of its 1.625% convertible bonds due 2025 to $4.9714 from $5.2744 previously. The bonds can be converted to shares in the airline.
The adjustment comes after SIA announced, on May 15, that it will pay a final dividend of 38 cents per share for the FY2024 ended March 31. The adjusted price factors in the dividend paid.
