Singapore Airlines Raises US$500 Million via USD Bond

(14 Jan 2021)
Singapore Airlines has successfully raised
US$500 million via its first US dollar-denominated bond issue.

The
issuance was oversubscribed with the final demand at more than
US$2.85 billon.

The
bonds are being issued at an issue price of 99.573% of their
principal amount, with a maturity date of 20 July 2026. They will
carry an annual coupon of 3.0% per annum.

Singapore Airlines will use the proceeds for aircraft purchases,
related payments and other general purposes including refinancing
of existing borrowings.


The issuance strengthens the
company’s liquidity position, and provides SIA with the financial
flexibility to capture medium-to-long term growth beyond the
COVID19 pandemic.

Since the start of the
2020/2021 financial year, including this latest issuance, Singapore
Airlines has raised approximately S$13.3 billion in additional
liquidity.

That total includes S$8.8 billion from SIA’s successful
Rights Issue, S$2 billion from secured financing, S$850 million
via a recent convertible bond issue, another S$500 million via a
private placement of new 10-year bonds, and more than S$500
million through new committed lines of credit and a short-term
unsecured loan.

Including the new lines of credit,
SIA will continue to have access to more than S$2.1 billion in
committed credit lines. For the period up to July 2021, the
company also retains the option to raise up to S$6.2 billion in
additional Mandatory Convertible Bonds that would provide further
liquidity if necessary.

“We thank our investors for
their strong support of Singapore Airlines’ debut issuance of
US-dollar bonds. We are confident that this will further
strengthen SIA’s competitive advantage in the industry, and
bolster our ability to emerge stronger from the challenges posed
by the Covid-19 pandemic,” said Singapore Airlines Chief Executive
Officer, Mr Goh Choon Phong.

Citigroup was the sole global coordinator for this issuance.
Citigroup, HSBC and BofA Securities were the joint bookrunners.

See latest

Travel Industry News
,
Video
Interviews
,
Podcasts
and other
news regarding:

COVID19
,

SIA
,

Singapore Airlines
,

Singapore
,

Changi
.


Headlines:

Marriott Signs First Ritz-Carlton Ski Resort in Europe 
BBAM Orders 6 Boeing 737-800 Converted Freighters 
UK Court Gives Malaysia Airlines Green Light for Creditors Meeting 
Airbus Revises Aircraft Production Rates 
IHG Signs First Kimpton Hotel in France 
Iberia and Qatar Airways Expand Codeshare Agreement 
Turkmenistan Airlines Orders Two Airbus A330-200P2F 
Convert Nectar Points into Avios and Vice Versa 
Westin Grand Hotel Rebrands as the Hilton Vancouver Downtown 
Minor Hotels Partners Funyard for China Expansion 
Singapore Airlines Resumes Thrice Weekly Flights to Munich 
Qatar Airways to Resume Atlanta Flights; Increase Frequencies to USA 
Accor Opens First Movenpick Hotel in Australia 
FlyArystan to Launch Five New Routes 
Avani Opens Third Hotel in Dubai 
50-Room Mantra Hotel Opens in Traralgon, Australia 
UK Orders Future Target Acquisition Solution from Elbit Systems 
ATPCO Buys SITA’s Fare Management System, Airfare Insight 
SIA Launches One-Stop Online Solution for COVID19 Pre-Departure Testing 
Ultra-Trail World Tour Launches 2021 Season with New Race Format 
Volkert Geertsen Appointed GM of sala Bang Pa-in, Thailand 
United Airlines Appoints Doreen Burse as SVP – Worldwide Sales 
Emirates Starts Vaccinating Staff; Priority Given to Cabin Crew, Pilots etc. 
Ovolo Southside in HK Upgrades Food and WiFi for Quarantine Guests 
WTTC Looking Forward to a Strong Summer of Travel 
Banyan Tree Krabi Opens Spa with Hydrotherapy Facility 
Marriott to Open 100 Hotels in Asia Pacific in 2021 
Emirates Expected to Implement IATA Travel Pass Phase 1 in April 
Air Canada to Resume Boeing 737 MAX Flights on 1 February 
Air New Zealand Extends International Schedule to End-June 
Etihad Airways to Trial IATA Travel Pass in Q1 
Four Seasons Beirut Appoints Georges Ojeil as GM 
IATA Supports EU COVID19 Vaccination Certificate Proposal 
Negative COVID19 Test Required for Travel to UK 
Air New Zealand to Study Effectiveness of Saliva Testing in Detecting COVID19 
Executive Appointments at Wyndham Hotels & Resorts in Asia Pacific 
Four Seasons Toronto Appoints Mary Ann Gamboa as Director of Marketing 
First Grand Hyatt Hotel in Saudi Arabia Soft Opens 
Lynne Doughtie Joins Boeing’s Board of Directors 
Hong Kong Rugby Union to Transition Elite Programme in June 
Qatar Airways Receives 5-Star COVID19 Airline Safety Rating 
Hong Kong Int. Airport Handled Just 8.8 Million Passengers in 2020 
Rosewood Signs Very Special Property in Rome, Italy 
Cathay Pacific Develops Solution for Vaccine Distribution 
Fiji Link Launches Mobile Boarding Passes at Nadi, Suva and Labasa 
Latitude 33 Takes Delivery of New Challenger 350 Business Jet 
Mesa Opens New Maintenance Hangar at Beja Airport in Portugal 
Bangkok Airways Revises Operating Hours of Airports in Thailand 
Four Seasons Philadelphia Appoints Charles Lasvigne as Hotel Manager 
Singapore Airlines Raises US$500 Million via USD Bond 
British Airways Partners Globe-Trotter for 150 Handmade Suitcases 
Four Seasons Appoints Albert Au as Executive Chef of Jiang-Nan Chun 
All Nippon Helicopters’ Airbus H160 Performs Maiden Flight 
Travelport Expands Digital Media Solutions with TravelFlan Partnership 
Atlas Air to Buy Last Four Brand New Boeing 747 Airplanes 
Air Canada to Layoff 1,700 More Employees; Reduces Q1 Capacity 
Etihad Airways Launches Children Travel for Free Promotion 
Accor Signs First 25hours Hotel in Sydney, Australia 
Gordon Ramsay Partners Sunway for First Restaurant in Malaysia 
New COVID19 Variants Don’t Change the Rules of the Game 
Green Light for American Airlines, JetBlue Alliance 
DHL Invests in New 13,000㎡ Facility in South Africa 
FlyArystan Carried 1.5 Million Passengers in 2020 
Dassault Aviation Expands MRO Options 
Navy in Asia Pacific Orders Seagull USVs for MCM Operations 
Korean Air Receives 5-Star Rating from APEX 
IHG Signs Second Crowne Plaza Hotel in Danang, Vietnam 
Ascott Reports Record Year; Adds Over 14,200 Units in 71 Properties 
Executive Appointments at Delta Cargo 
Jeju Air Renews Distribution Agreement with Sabre 
Finnair Launches One-Way Fares on Domestic and Intra-Europe Flights 
Scandinavian Airlines’ President and CEO Resigns 
Qatar Airways Resumes Flights to Riyadh, Saudi Arabia 
SAS Carried Almost 400,000 Passengers in December 
Marriott Signs Dual-Branded Property in Saigon, Vietnam 
Cathay Pacific Adds WhatsApp to Customer Service Options 
Mandarin Oriental Hong Kong to Complete Renovation on 1 February 
Four Seasons Napa Valley to Open Early-Spring 
Israir to Dry Lease Etihad’s Full-Flight Simulators 
Airbus Delivered 566 Commercial Aircraft to 87 Customers in 2020 
Tom Kerridge Upgrades Culinary Options on BA’s Short Haul Flights 
Nicola Russo Joins Capella Ubud as Executive Chef 
Aviation: Recovery in Passenger Demand Grinds to a Halt in November 
Singapore Airlines Extends PPS Club and KrisFlyer Elite Statuses 
Langham Opens Cordis Hotel in Hangzhou, China 
Air Cargo Demand Continues to Improve; Capacity Remains Constrained 
Assa Abloy Upgrades Hotel Room Locks at Hilton Surfer’s Paradise 
St. Regis Hotel Opens in Cairo, Egypt 
Korean Air Upgrades App and Website 
Marriott Opens 55-Room Boutique Hotel in Lucca, Italy 
Four Seasons Seychelles Reopens for Private Retreats 
Hyatt Opens First Regency Hotel in Cambodia 
Bangkok Airways Closes Lounges, Reduces Flights and Delays Launches 
Qatar Airways Increases Flights to São Paulo, Brazil 
Asia Pacific Airlines Carried Just 1.4 Million Int. Pax in November 
Korean Air Delays Changes to SkyPass FFP; Extends Mileage Validity 
STR Appoints Isaac Collazo as Vice President of Analytics 
IHG Opens Second voco Hotel in France 
Cathay Pacific to Operate Number of Flights to London Heathrow 
Hong Kong Extends Airport Relief Package 
Cathay Pacific Cargo Launches Flights to Riyadh, Saudi Arabia 
Marriott Expands JW Brand to Australia with New Gold Coast Hotel 
Alaska Airlines Orders More Boeing 737-9 Aircraft 
Japan Airlines and Qantas to Form Joint Business 
Bombardier Completes Acquisition of Service Centre in Berlin 
Aircalin Takes Delivery of First Airbus A320neo 
Etihad Airways Launches Charter and Special Flight Services 
Shangri-La Offers Free COVID19 Insurance at Hotels in Singapore 
Qatar Airways Takes Delivery of 53rd Airbus A350 Aircraft 
Lenen Mar A. Porras Joins Cambodia’s Dara Hotels Group 
Emirates Celebrates Launch of Premium Economy Class with Free Upgrades 
Bombardier Receives Firm Order for 10 Challenger 350 Aircraft 
Linda Hemels Joins Capella Singapore as EAM – Food & Beverage 
Will British & Irish Lions’ Tour of South Africa Go Ahead? 
Qatar Airways Cargo Takes Delivery of Three More Boeing 777 Freighters 
Four Seasons Returns to Bangkok with Brand New Hotel on the River 
ASEAN Tourism Forum 2021 Postponed Until January 2022 
HD Videos and Interviews 
Podcasts from HD Video Interviews 
RSS News Feed and Ticker 
Travel Trade Shows in 2020 and 2021 
High-Res Picture Galleries 
Travel News Asia – Latest Travel Industry News 

Random Posts

  • Cayuga Collection Luxury Sustainable Motels

    Our travel guides, which are curated by Travel + Leisure editors and a network of local correspondents, spotlight one of the best hotels, eating places, outlets, bars, and issues to do on the planet’s most exciting locations. As an addition buy set Bricks and Extra 2010 Home Building Set. i left Alexis with 4a miamor milde mahlzeit – canned meat style: rooster with rice 6x100g. Ivor has, a chance, to get, a loan for 10k yellow gold coronary heart couple’s initial personalised custom love romance ring dimension 6. I’m renting, a Koscierzyna room. Here are, a number of extra young […]

  • A Quick History of Tips

    Ways to Sell Your House by Yourself Selling a house is not an easy thing to do but at the same time with the help of some tips you will be able to sell it without the help of a realtor The following are some of the tips that will help you to sell your house without the inclusion of a realtor. It will be good to know that without the help of a realtor you will need to do what it takes to sell the house with much ease and one of the ways to do that is that […]

  • Duxton Becomes Marriott’s First Autograph Hotel in Singapore

    (3 Feb 2021) Marriott has expanded its Autograph Collection to Singapore with the rebranding of one of the best boutique heritage hotels in the city. Owned by The Garcha Group, the 49-room hotel opened in 2018 as the first Six Senses hotel in Singapore. Six Senses ceased management of the hotel on 31 May 2020, and now Marriott has officially added the property – rebranded as the Duxton Reserve Singapore – to the Autograph Collection. “We are thrilled to continue to grow our presence in Singapore and introduce Autograph Collection Hotels to the country with the opening of Duxton Reserve […]

  • Siyyan Travel & Leisure In Djibouti Metropolis, Djibouti

    Exploring developments and innovation on the earth of travel and leisure data expertise that are disrupting existing business ecosystems and creating new experiences in tourism and hospitality. The city of Chiang Mai , nestled in northern Thailand , is a fast flight from the bright lights-massive city of ultra-city Bangkok, however it might as well be another world altogether. Here you may hire a tuk-tuk, a small carriage drawn by a motorcycle, to motor you across the small but thriving city, sampling scrumptious native meals akin to fish curry and banana coconut pudding. Within the hot afternoon, you can take […]