Singapore Airlines prices SGD 600m in 5-year notes at 3.16%

Singapore Airlines (SIA) has announced it has priced its SGD 600m notes due 2023 at 3.16%, the company said.

Proceeds from the notes will be used for aircraft purchases and aircraft related payments.

The five year notes, which are in denominations of SGD 250,000 will be issued at a price of 100%. It will be listed on the Singapore Exchange Securities Trading Limited (SGX-ST) on 25 October.

DBS, OCBC and UOB are the joint lead managers and bookrunners.