The redemption will be carried out on a pro-rata basis, with the redemption amount to be paid to eligible bondholders on June 26 this year, as June 24 is not a business day.
This redemption comes only half a year after SIA announced the full redemption of its 2020 MCBs.
The 2020 and 2021 MCBs, worth $3.5 billion and $6.2 billion respectively, were part of the $15 billion rights issue that was approved by SIA’s shareholders in April 2020, which also comprised $5.3 billion in 2020 rights shares.
SIA will announce its FY2023 results on May 15.
See also: Singdollar perpetuals: A good time for issuers. Is it also a good time for investors?
Shares in SIA closed 3 cent or 0.51% up at $5.88 on May 10.
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