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.
Shares in SIA closed 1 cent lower or 0.2% down at $5.03 on Oct 25.
