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Back in the 70s and 80s i think air travel was a luxury...low ses like me prefer to take the coach to kuching or hatyai lol
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SIA will also be running out of cash soon
- Thread starter LITTLEREDDOT
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Another gigantic fund-raising exercise coming soon. And Temasek will definitely use Singaporean's monies to take up the rights or bond offering.
Singapore Airlines has spent $7.1 billion of the $8.8 billion raised in rights issue
Between Oct 14 and Dec 13, SIA spent a further $900 million of the gross proceeds from the rights issue.ST PHOTO: KEVIN LIM
PUBLISHED 21 DEC 2020
SINGAPORE (THE BUSINESS TIMES) - Singapore Airlines (SIA) has used approximately $7.1 billion of the $8.8 billion raised from a rights issue in June, it said in a filing to the Singapore Exchange on Monday.
Between Oct 14 and Dec 13, the flag carrier spent a further $900 million of the gross proceeds from the rights issue. Of this amount, $500 million was used to fund ongoing operating expenses, $200 million went towards refunding tickets sold on flights which have been cancelled in view of continuing border controls and travel restrictions, and S$200 million was applied towards debt servicing.
Its last update on the use of proceeds from the rights issue was made in mid-October, when SIA said it had spent $1.8 billion over about two months. The amount was used for ongoing operating expenses, ticket refunds and debt servicing.
In addition to the funds raised during the rights issue, SIA said it has raised for FY2020/21 a total of $2.1 billion through loans secured on its aircraft and a short-term unsecured loan, $850 million through a convertible bond issue and $500 million via a private placement of new 10-year bonds.
It has access to approximately $2.1 billion of lines of credit available for drawing, and has the option to issue additional mandatory convertible bonds to raise up to $6.2 billion if the crisis prolongs.
SIA shares closed at $4.38 on Monday, down 1.13 per cent or five Singapore cents.
Singapore Airlines has spent $7.1 billion of the $8.8 billion raised in rights issue
Between Oct 14 and Dec 13, SIA spent a further $900 million of the gross proceeds from the rights issue.ST PHOTO: KEVIN LIM
PUBLISHED 21 DEC 2020
SINGAPORE (THE BUSINESS TIMES) - Singapore Airlines (SIA) has used approximately $7.1 billion of the $8.8 billion raised from a rights issue in June, it said in a filing to the Singapore Exchange on Monday.
Between Oct 14 and Dec 13, the flag carrier spent a further $900 million of the gross proceeds from the rights issue. Of this amount, $500 million was used to fund ongoing operating expenses, $200 million went towards refunding tickets sold on flights which have been cancelled in view of continuing border controls and travel restrictions, and S$200 million was applied towards debt servicing.
Its last update on the use of proceeds from the rights issue was made in mid-October, when SIA said it had spent $1.8 billion over about two months. The amount was used for ongoing operating expenses, ticket refunds and debt servicing.
In addition to the funds raised during the rights issue, SIA said it has raised for FY2020/21 a total of $2.1 billion through loans secured on its aircraft and a short-term unsecured loan, $850 million through a convertible bond issue and $500 million via a private placement of new 10-year bonds.
It has access to approximately $2.1 billion of lines of credit available for drawing, and has the option to issue additional mandatory convertible bonds to raise up to $6.2 billion if the crisis prolongs.
SIA shares closed at $4.38 on Monday, down 1.13 per cent or five Singapore cents.
- Joined
- Jul 7, 2011
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Hahaha... Give it a few more fun raisins guess who will swoop in for a rescue? Yes! Thank you share holders for topping up a leaky bucket.Another gigantic fund-raising exercise coming soon. And Temasek will definitely use Singaporean's monies to take up the rights or bond offering.
Singapore Airlines has spent $7.1 billion of the $8.8 billion raised in rights issue
Between Oct 14 and Dec 13, SIA spent a further $900 million of the gross proceeds from the rights issue.ST PHOTO: KEVIN LIM
PUBLISHED 21 DEC 2020
SINGAPORE (THE BUSINESS TIMES) - Singapore Airlines (SIA) has used approximately $7.1 billion of the $8.8 billion raised from a rights issue in June, it said in a filing to the Singapore Exchange on Monday.
Between Oct 14 and Dec 13, the flag carrier spent a further $900 million of the gross proceeds from the rights issue. Of this amount, $500 million was used to fund ongoing operating expenses, $200 million went towards refunding tickets sold on flights which have been cancelled in view of continuing border controls and travel restrictions, and S$200 million was applied towards debt servicing.
Its last update on the use of proceeds from the rights issue was made in mid-October, when SIA said it had spent $1.8 billion over about two months. The amount was used for ongoing operating expenses, ticket refunds and debt servicing.
In addition to the funds raised during the rights issue, SIA said it has raised for FY2020/21 a total of $2.1 billion through loans secured on its aircraft and a short-term unsecured loan, $850 million through a convertible bond issue and $500 million via a private placement of new 10-year bonds.
It has access to approximately $2.1 billion of lines of credit available for drawing, and has the option to issue additional mandatory convertible bonds to raise up to $6.2 billion if the crisis prolongs.
SIA shares closed at $4.38 on Monday, down 1.13 per cent or five Singapore cents.
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Ich mag JB mehr als Batam....
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What's there to worry? Not enough cash, got Ah Gong Temasek Holdings as back up! Sq will not close shop regardless...
I am not worried.
I want SIA to spend EVEN MORE CASH on nothing.
Spend until Temasek also no more money.
SG no more money! GOOD!
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What's there to worry? Temasek Holdings will never run out of cash, the supplies are never ending...
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Too bad u won't have a chance to see it crumble, the cash supplies are never ending !
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Why u say that? What happened?
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- Aug 17, 2008
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SIA is underwritten by Temasek. Temasek is underwritten by the Singapore Government.
It logically follows that SIA will never go bust.
It logically follows that SIA will never go bust.
If SIA go bust it means Singapore is gone case!
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You clearly have questionable standards.
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Not me, the ang mohs definitely. And let's not kid ourselves, the SIA stewardess uniforms were specifically designed to accentuate the curves of the female body.
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SIA need another few hundred million dollars
Singapore Airlines readies first US dollar bond term sheet
Singapore Airlines had in the past carried out debt deals in Singapore dollars rather than US dollars.
ST PHOTO: KEVIN LIM
11 JAN 2021
HONG KONG/SINGAPORE (REUTERS) - A term sheet for Singapore Airlines' (SIA) first US dollar bond has been circulated by bookrunners for the potential issue, and calls were being held with prospective investors on Monday (Jan 11), according to the document seen by Reuters.
The size of the deal will be determined on Tuesday following briefings with investors in Asia and Europe, two sources with direct knowledge of the matter said.
The term sheet showed that the airline had appointed Citigroup as sole global coordinator, along with BofA Securities and HSBC as joint bookrunners for the issue.
SIA had in the past carried out debt deals in Singaporean dollars rather than US dollars.
The deal will not be offered to investors based in the United States, according to the term sheet.
"We can confirm that SIA did not have any USD issuance in the past," the airline said in an e-mail response to Reuters.
SIA, which counts Singapore investment company Temasek as its biggest stake holder, has issued US$2.77 billion in five bond issuances in the past seven years, according to Dealogic.
The most recent was a US$372 million ten-year private placement deal in November.
The airline said in a statement on Monday it expected its passenger levels by the end of March to be about 25 per cent of its pre-Covid-19 levels and that it would fly to nearly 45 per cent of its pre-crisis destinations.
"In line with Singapore's progressive reopening, as well as the gradual vaccination of the population across the world, we expect to see a measured expansion of the passenger network," it said.
There was US$22.7 billion worth of US dollar debt issued last week in Asia, the busiest week in a year, Refinitiv data showed.
Singapore Airlines readies first US dollar bond term sheet
Singapore Airlines had in the past carried out debt deals in Singapore dollars rather than US dollars.
ST PHOTO: KEVIN LIM
11 JAN 2021
HONG KONG/SINGAPORE (REUTERS) - A term sheet for Singapore Airlines' (SIA) first US dollar bond has been circulated by bookrunners for the potential issue, and calls were being held with prospective investors on Monday (Jan 11), according to the document seen by Reuters.
The size of the deal will be determined on Tuesday following briefings with investors in Asia and Europe, two sources with direct knowledge of the matter said.
The term sheet showed that the airline had appointed Citigroup as sole global coordinator, along with BofA Securities and HSBC as joint bookrunners for the issue.
SIA had in the past carried out debt deals in Singaporean dollars rather than US dollars.
The deal will not be offered to investors based in the United States, according to the term sheet.
"We can confirm that SIA did not have any USD issuance in the past," the airline said in an e-mail response to Reuters.
SIA, which counts Singapore investment company Temasek as its biggest stake holder, has issued US$2.77 billion in five bond issuances in the past seven years, according to Dealogic.
The most recent was a US$372 million ten-year private placement deal in November.
The airline said in a statement on Monday it expected its passenger levels by the end of March to be about 25 per cent of its pre-Covid-19 levels and that it would fly to nearly 45 per cent of its pre-crisis destinations.
"In line with Singapore's progressive reopening, as well as the gradual vaccination of the population across the world, we expect to see a measured expansion of the passenger network," it said.
There was US$22.7 billion worth of US dollar debt issued last week in Asia, the busiest week in a year, Refinitiv data showed.
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dollar bpnd now. They should have pimped out stewardess.
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