Thursday, 21 March 2019

SIA Retail Bond 2019 - To buy or not to buy

Singapore Airlines will be releasing S$500 million worth of bonds

S$300 million to the public and the rest to institutional investors.

Should the SIA Retail Bond 2019 be oversubscribed, they will extend the tranche to up to S$750 million.

Coupon Rate3.03% p.a.
Tenor/ Duration5 years
Coupon PaymentSemi-annually
Application FeeS$2
Min. AmountS$1,000 and in multiples of S$1,000 thereof
Issue Date28 March 2019
Maturity Date28 March 2024, or earlier if sold in the secondary market on SGX
Application PeriodOpens: 20 Mar 2019 (Wed), 9am
Closes: 26 Mar 2019 (Tue), 12pm
Public OfferS$300 million
Bond TypeUnsecured Bond
Use of CPF/ SRS FundsNot applicable



Personal opinion: Not worth the risk.

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