Home News Aviation & Engineering

SIA receives regulator's approval for issuance of convertible bonds due 2025

Felicia Tan
Felicia Tan12/1/2020 08:05 AM GMT+08  • 1 min read
SIA receives regulator's approval for issuance of convertible bonds due 2025
Shares in SIA closed 17 cents lower or 3.8% down at $4.34 on Nov 30.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Singapore Airlines (SIA) has received the in-principle approval of the Singapore Exchange Securities Trading Limited (SGX-ST) for the dealing in and quotation for $850 million of convertible bonds into new shares on Dec 1.

The airline also received the regulator’s approval for up to 148 million new shares to be issued following the full conversion of the convertible bonds.

The approvals came after the airline met several conditions including the compliance of SGX-ST’s listing requirements.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.