Singapore Airlines said on Tuesday it planned to issue S$500 million of five-year fixed-rate bonds under its S$2 billion medium term bond program, which was established last week.
If the offering is over-subscribed, Singapore Airlines may upsize it to a maximum of S$750 million, the carrier said in a filing to SGX before the market open on Tuesday.
The planned offering will include a placement to institutional investors and accredited investors, as well as a public tranche for retail investors in Singapore, it said.
A bookbuilding process with institutional investors will begin soon, it said.
The bonds, which will mature in 2024, will be issued in denominations of S$1,000, and are expected to be listed on the Singapore Exchange, the filing said.