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Top Stock Highlights of the Week: Singapore Airlines, SPACs, Singtel, and Metro Group
By The Smart Investor  •  January 15, 2022
Here are some interesting corporate snippets for this week. Singapore Airlines Limited (SGX: C6L) Meanwhile, another blue-chip company, Singapore Airlines Limited, or SIA, is raising money through the issuance of notes. As part of its S$10 billion multicurrency medium term note programme, SIA is issuing US$600 million worth of notes that are priced at 3.375% per annum. These notes will be due on 19 January 2029 and pay semi-annual coupons. Net proceeds from the notes will be used by the airline for aircraft purchases and aircraft-related expenses, as well as for general working capital purposes. SIA reported that demand for the bonds was healthy, with order book exceeding US$1.2 billion, more than double the face value of the bonds. Inclusive of this notes issuance, the airline would have raised close to US$22.4 billion in liquidity since the onset of the pandemic. Special purpose acquisition companies We first wrote on special purpose acquisition companies, or SPACs, back in late September last year....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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