Singapore Airlines (SIA) has given notice of its intention to redeem the $3.5 billion in rights mandatory convertible bonds (MCBs).
The accreted principal amount, being 110.41% of the principal amount, will take place on Dec 8, says SIA via a bourse filling dated Oct 25.
On June 8, 2020, SIA completed its $5.3 billion rights issue and issued its $3.5 billion MCBs with a conversion price of $4.84.
Shares in $SINGAPORE AIRLINES LTD(C6L.SI)$closed 1 cent lower or 0.2% down at $5.03 on Oct 25.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
如果是现金，从哪里来？减少稀释=对股东有利，但别指望 股息很快
如果转换，（叹息……)