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.