Photo: Bloomberg

Singapore Airlines (SIA) is seeking to raise $6.2 billion as it proposes to undertake the issuance of the second tranche of mandatory convertible bonds (MCBs).

The terms of the second tranche of MCBs were approved by shareholders at the company’s extraordinary general meeting (EGM) on April 30, 2020, and renewed at its annual general meeting (AGM) on July 27, 2020.

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