SIA prices $850m convertible bonds at 1.65%

Uploaded By:  Frances Gagua Submitted By:  Frances Gagua Case Study:  No More than 148 million new shares will be issued. Singapore Airlines (SIA) has priced its proposed issue of convertible bonds at an interest of 1.625% per annum, payable semi-annually in arrear, according to a bourse filing. Initial conversion price is at $5.743 for each new share, and conversion premium is 45.77% over the last closing price of the shares quoted at the Singapore Exchange Securities Trading Limited (SGX-ST). read more