The total amount of around $3.4 billion, which is the sum at 108.243% of the principal amount of $3.1 billion, will take place on June 24, says SIA in a bourse filing dated May 10.

The redemption will be carried out on a pro-rata basis, with the redemption amount to be paid to eligible bondholders on June 26 this year, as June 24 is not a business day.

This redemption comes only half a year after SIA announced the <a href="https://www.theedgesingapore.com/news/bonds-and-treasuries/sia-redeems-outstanding-zero-coupon-mcbs-worth-35-bil">full redemption of its 2020 MCBs</a>.

The 2020 and 2021 MCBs, worth $3.5 billion and $6.2 billion respectively, were part of the $15 billion rights issue that was approved by SIA’s shareholders in April 2020, which also comprised $5.3 billion in 2020 rights shares.

SIA will announce its FY2023 results on May 15.

<span class='see_also_inread'><b>See also: <a class='gtm_see_also_1_inread' style='text-decoration: underline;' href='/capital/bonds-and-treasuries/singdollar-credit-market-may-finish-year-strongly?utm_source=website&utm_medium=article&utm_campaign=ONPAGESEO'>Singdollar credit market may finish the year strongly</a></b></span>

Shares in SIA closed 3 cent or 0.51% up at $5.88 on May 10.

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SIA redeems half of aggregate MCBs issued in second tranche worth $3.1 bil

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