SIA, on Nov 12, 2020, announced that it was proposing to issue convertible bonds of up to $850 million in its principal amount. The bonds are convertible into new ordinary shares in SIA’s capital and are proposed to be placed with institutional investors and other investors.
Singapore Airlines (SIA) (SGX:C6L
) has used around $249.9 million out of the $850 million raised from the issue of its convertible bonds due 2025.
The amount has been used for aircraft payments, in line with the intended use stated in its offering circular, says the airline.
