Singapore Airlines Limited: Issue of S$500 million fixed rate notes due 2020
29-Jun-2010 Singapore Airlines Limited (the “Company”) wishes to announce that an issue of S$500 million in principal amount of 10-year fixed rate Notes due in 2020 (the “Series 001 Notes”) under the Company’s S$1 billion multi-currency medium term note programme (the “Programme”), has been priced on 29 June 2010.
The Series 001 Notes will bear interest at the rate of 3.22 per cent. per annum, payable semi-annually in arrear. The Series 001 Notes, which will not be rated, are expected to be issued on or about 9 July 2010.
The joint lead managers and joint bookrunners in respect of the Series 001 Notes are Australia and New Zealand Banking Group Limited ("ANZ"), DBS Bank Ltd ("DBS"), Oversea-Chinese Banking Corporation Limited ("OCBC") and United Overseas Bank Limited ("UOB").
The net proceeds arising from the Series 001 Notes will be used for general corporate or working capital purposes and financing of capital expenditure, or such other purposes as may be specified in the relevant Pricing Supplement.
Application will be made to the Singapore Exchange Securities Trading Limited ("SGX-ST") for the listing and quotation of the Series 001 Notes on the SGX-ST.
Admission to the Official List of the SGX-ST and quotation of any Notes or the Series 001 Notes on the SGX-ST are not to be taken as an indication of the merits of the Company, its subsidiary companies, its associated companies, the Programme, such Notes or the Series 001 Notes.
This announcement and the information contained herein do not constitute an offer or invitation to purchase any securities of the Company. The securities of the Company have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered, sold or delivered within the United States or to US persons absent from registration under or an applicable exemption from the registration requirements of the United States securities laws.