Singapore Airlines (SIA) says it has successfully raised $500 million via a private placement of new 10-year notes.

The notes, which are due 2030, will carry a coupon of 3.5% p.a. and issued in denominations of $250,000.

SIA says the offer was initially launched at $300 million and was increased to $500 million following positive reactions from a “select group of private investors”.

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