See also: Singapore Airlines to raise $15 bil via rights issue of new shares, mandatory convertible bonds
SINGAPORE (Apr 24): Singapore Airlines (SIA) has responded to an open letter to the Securities Investors Association Singapore (SIAS) on Friday.
The letter by SIAS contained some 12 questions that covered issues concerning the airline’s issuing of 1.7 billion new ordinary shares at an issue price of $3 per share, raising some $3.50 billion in aggregate principal amount of mandatory convertible bonds (MCBs) at $1 each, and the proposed issue of up to $6.2 billion worth in aggregate principal amount of additional MCBs.
