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SIA redeems outstanding zero coupon MCBs worth $3.5 bil

Felicia Tan
Felicia Tan • 1 min read
SIA redeems outstanding zero coupon MCBs worth $3.5 bil
The redemption will take place on Dec 8. Photo: Bloomberg
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Singapore Airlines (SIA) has given notice of its intention to redeem the $3.5 billion in rights mandatory convertible bonds (MCBs).

The total amount of $3.86 billion, which is the sum at 110.408% of the principal, will take place on Dec 8, says SIA via a bourse filling dated Oct 25.

On June 8, 2020, SIA completed its $5.3 billion rights issue and issued its $3.5 billion MCBs with a conversion price of $4.84.

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