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”.
SEE: Singapore Airlines increases its multicurrency medium term note programme to $10 bil