Singapore Airlines had earlier issued a retail bond in early 2019.

It’s currently trading at about 90 cents on the dollar reflecting those challenges.

Source: Shareinvestor.com

Although the initial coupon was 3.03%, the fact that it has fallen below PAR means that its yield to maturity is far higher at >6%.

Source: Fundsupermart.com

The next few months will be extremely challenging for SIA given the evaporation of demand.

The Business Times had a recent article on Singapore Airlines highlighting that OCBC Credit Research had lowered its credit rating given the current challenges that it faces and diving into the main challenges it faces.

A lot of it is going to be dependent on factors outside its control.

It certainly has a stronger balance sheet than most other airlines but the scale of what’s happening is unprecedented.

What’s Happening Around The World

There has been plenty of talk of