Refile: UPDATE 1-Singapore Airlines lines up banks for 5-year offshore yuan bond

HSBC Holdings

22/06/2026 03:34

Corrects to remove extraneous word from headline
By Yantoultra Ngui

    SINGAPORE, June 22 (Reuters) - Singapore Airlines SIAL.SI has mandated Bank of China 601988.SS, DBS DBSM.SI, HSBC HSBA.L and Standard Chartered STAN.L for arranging a five-year bond sale in offshore yuan, the Chinese currency traded outside mainland China, according to a document seen by Reuters on Monday.
Here are more details from the so-called mandate sheet:
The airline is holding a global investor call later on Monday.
The deal could launch as early as Tuesday, subject to market conditions.
It is expected to be benchmark-sized, which usually means a deal large enough to be easily traded by investors, or at least 1 billion yuan ($147.6 million) in the offshore yuan bond market.
Deal size is not disclosed in the sheet.
Singapore Airlines did not immediately respond to an emailed request for comment.
The offshore yuan bond deal is part of Singapore Airlines' existing S$10 billion ($7.74 billion) multi-currency debt program
The airline tapped the bond market in January, selling S$500 million of 10-year notes.
($1 = 6.7737 Chinese yuan renminbi)
($1 = 1.2920 Singapore dollars)

 (Reporting by Yantoultra Ngui; Editing by Jacqueline Wong and Muralikumar Anantharaman)
 ((Yantoultra.Ngui@thomsonreuters.com;))