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Temasek shows up for SIA with a fair deal for stakeholders
By 35 is the defining age  •  March 27, 2020

So we saw a strong showing in the Election Resilience Budget yesterday, and this unyielding effort is further seen in what has to be nothing short of a government putmassive show of support by Temasek in Singapore Airlines. 


I was closing out my minor US trading positions early this morning when I saw the press release on CNA, and subsequently went through the SGX announcement. Please do point out and pardon me if there are any factual errors in my summary below. 


Key Transaction Highlights - Singapore Airlines Rights Issue and Convertible Bond Issuance

* Total immediate new funding of S$8.8bn, comprising S$5.3bn equity and S$3.5bn 10 year mandatory convertible CB.

* Another S$6.2bn of dry powder in the form of a similar mandatory convertible CB to be on standby

* All new funding to be fully backstopped by Temasek


Rights Issue – S$3.5bn

* 3 Rights Shares (at S$3.00 issue price) for every 2 existing SIA...
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By 35 is the defining age
Picked up "The Intelligent Investor" by Benjamin Graham back when I was serving my national service when I was 18 years of age - that chapter on Mr Market was mind-blowing and opened up a whole new paradigm of investing that that shaped my investment thought process since.
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2 Comments

2 responses to “Temasek shows up for SIA with a fair deal for stakeholders”

  1. Anonymous says:

    0.5

  2. tay yit ping says:

    omg, fair deal, to who?

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