SIA redeems outstanding zero coupon MCBs worth $3.5 bil
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.
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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……)
$SINGAPORE AIRLINES LTD(C6L.SI)$ more good news coming up