Right on the back of their record net loss of S$3.47 billion for the six months to September 2020, Singapore Airlines (SGX:C6L) (SIA) has announced in an SGX listing that it will be issuing up to S$850 million in principal amount of Convertible Bonds, to fund operating cashflow, debt service and capital expenditure. The Convertible Bonds are proposed to be placed with institutional investors and other investors and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (HSBC) has been appointed as the sole book runner and lead manager for the issue of the Convertible Bonds. Pricing of the Convertible Bonds is expected to take place on or about 12 November 2020 and the closing date for the issue is expected to be on or about 3 December 2020, subject to approval by SGX-ST for the listing of the Convertible Bonds and New Shares. The terms of the Convertible Bonds