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Singapore Airlines considers offering first-ever dollar bonds to bolster liquidity

Bloomberg
Bloomberg1/11/2021 03:55 PM GMT+08  • 2 min read
Singapore Airlines considers offering first-ever dollar bonds to bolster liquidity
The company raised a total of $1.35 billion in 2020 selling private placement bonds and convertible notes.
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Singapore Airlines Ltd. is considering its first-ever offering of dollar bonds, as it tries to bolster cash amid the pandemic.

The city-state’s flag carrier is holding a series of fixed-income investor calls in Asia and Europe from Monday for the potential debt sale, according to a person familiar with the matter.

The pandemic has devastated the global travel industry, forcing airlines to suspend flights, lay off employees and seek financial help from governments and investors. While vaccines have provided a measure of guarded optimism, the outlook for any sustained rebound in travel demand remains uncertain amid rising Covid-19 outbreaks.

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