convertible bonds

Aviation & Engineering

SIA to adjust conversion prices of 1.625% convertible bonds due 2025

About $849.8 million in aggregate principal amount are outstanding as at Aug 2.

Aviation & Engineering

SIA uses $249.9 mil out of $850 mil raised in convertible bonds due 2025

The amount has been used for aircraft payments, in line with the intended use stated in its offering circular, says the airline.

REITs

Link REIT raises HK$3.3 billion via new convertible bonds

Link REIT issued HK$3.3 billion of five-year convertible bonds at 4.5% p.a. convertible at HK$61.92 per unit
SGX Treasury to issue 240 mil euro bonds due 2024 - THE EDGE SINGAPORE

Bonds and treasuries

SGX Treasury to issue 240 mil euro bonds due 2024

SGX says it intends to use the proceeds from the issue to refinance its existing debt and for general corporate purposes.

Aviation & Engineering

SIA receives regulator's approval for issuance of convertible bonds due 2025

Shares in SIA closed 17 cents lower or 3.8% down at $4.34 on Nov 30.

Aviation & Engineering

Singapore Airlines to raise $850 mil through sale of convertible bonds amid impact of Covid-19

The funds will be used for operating cash flow, to service debt and for capital expenditure.

Broker's Calls

Suntec REIT offers ‘good value’, but not enough to win this brokerage’s favour

SINGAPORE (April 26): Maybank Kim Eng Research is maintaining its “hold” call on Suntec REIT with an unchanged price target of $1.76, even as the trust registered 2.3% higher distribution per unit (DPU) at 2.425 cents this morning for the first quarte
Tan Choon Wee, Founder and Managing Director, Advance Capital Partners

Quote of the day

ACP's Tan Choon Wee on 'death spiral' convertibles

The underlying philosophy is this: It is all about risk management from the perspective of my investors, myself as well as the issuing companies and their shareholders… Take a one-tonne stone and throw at you, you will die. But take a tonne worth of sto
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