Singapore Airlines prices $390 million 10-year notes at 2.70% (updated)

United Overseas Bank

20/01/2026 10:33

Updates with pricing and size from updated term sheets in paragraph 1

SINGAPORE, Jan 20 (Reuters) - Singapore's national carrier, Singapore Airlines Ltd SIAL.SI, has priced S$500 million ($390 million) of 10-year Singapore dollar senior notes at 2.70%, tightening from initial price guidance at around 2.95%, a term sheet showed on Tuesday.

The notes are direct, unconditional, un-subordinated and unsecured obligations of the carrier and will be issued under its S$10 billion multi-currency medium-term note programme, according to the sheet.

Proceeds will be used for aircraft purchases and related payments, and for general corporate or working capital purposes, including refinancing existing borrowings, the sheet showed.

The bonds pay interest semi-annually, with the first coupon due July 30, 2026, and mature on January 30, 2036.

DBS DBSM.SI, OCBC OCBC.SI and United Overseas Bank UOBH.SI are joint global coordinators. Standard Chartered Bank STAN.L joins them as a joint lead manager and bookrunner.

($1 = 1.2822 Singapore dollars)

 (Reporting by Yantoultra Ngui; Editing by Christian Schmollinger and Louise Heavens)

 ((Yantoultra.Ngui@thomsonreuters.com;))