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Singapore Airlines Launches 1.5-Billion-Yuan Dim Sum Bonds

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Singapore Airlines (SGX:C6L) launched 1.50 billion yuan in "dim sum" bonds, according to a Wednesday filing with the Singapore Exchange.

The dim sum bonds, which are yuan-denominated bonds offered outside of China, hold an interest rate of 2.38% and will mature in 2031.

The company will use the proceeds to purchase aircraft, make aircraft-related payments, and fund general corporate or working capital purposes.

The Singapore branches of Bank of China (HKG:3988, SHA:601988), HSBC (HKG:0005), Standard Chartered Bank (HKG:2888), and DBS Bank (SGX: D05) are the joint lead managers.

Shares of Singapore Airlines rose 1% during morning trading.

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