Singapore Airlines (SIA) has received the in-principle approval of the Singapore Exchange Securities Trading Limited (SGX-ST) for the dealing in and quotation for $850 million of convertible bonds into new shares on Dec 1.
The airline also received the regulator’s approval for up to 148 million new shares to be issued following the full conversion of the convertible bonds.
The approvals came after the airline met several conditions including the compliance of SGX-ST’s listing requirements.
Shares in SIA closed 17 cents lower or 3.8% down at $4.34 on Nov 30.
See: Singapore Airlines launches and prices $500 mil in 3.5% notes due 2030 and Singapore Airlines increases its multicurrency medium term note programme to $10 bil
