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SIA responds to SIAS letter ahead of additional MCBs, says 'not in a position to comment' on privatisation question

Atiqah Mokhtar
Atiqah Mokhtar6/1/2021 09:44 AM GMT+08  • 3 min read
SIA responds to SIAS letter ahead of additional MCBs, says 'not in a position to comment' on privatisation question
SIA also highlighted that $6.2 bil proceeds from the MCBs will last “well into FY22-FY23".
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Singapore Airlines (SIA) has responded to an open letter by Securities Investors Association (Singapore) (SIAS) on May 27 ahead of SIA’s proposed renounceable rights issue of up to $6.2 billion in aggregate principal amount of mandatory convertible bonds (MCBs).


See: SIAS questions SIA on mandatory convertible bonds issuance and whether it has privatisation plans

In a filing to SGX on June 1, SIA provided a written response to the questions raised by SIAS related to the MCB issuance, SIA’s strategy and outlook, and its financials.

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