WebJun 27, 2024 · Source: SIA Presentation Slides. And Temasek backstopped the entire issuance by taking up most of the MCBs.. The one I’m looking at is the SIA Rights MCB 2024 (SIA MCB). The SIA MCB is essentially a zero-coupon bond that converts in June 2030 if SIA doesn't redeem these bonds.. Below is a summary of its key terms: WebRights 2024 MCBs may be redeemed at the option of SIA, in whole or in part, on every six-month anniversary of the issue date In such an event, Rights 2024 MCB Holders will be …
Singapore Airlines (SIA) Rights Issue: The Curious Case Of Its …
WebJun 4, 2024 · Existing SIA shareholders are entitled to 209 rights 2024 MCBs for every 100 SIA shares they owned before May 27. The issue price is S$1 for every 2024 MCB. The … WebMay 16, 2024 · Very simply, SIA’s “bailout” is split into 3 parts: Rights issue of Rights Shares Rights Issue of Rights Mandatory Convertible Bonds (MCB) A proposed further issuance … great good
SIA’s Rights Issue and MCB Explained - Financial Horse
WebOct 25, 2024 · The total amount of $3.86 billion, which is the sum at 110.408% of the principal, will take place on Dec 8, says SIA via a bourse filling dated Oct 25. On June 8, 2024, SIA completed its $5.3 billion rights issue and issued its $3.5 billion MCBs with a conversion price of $4.84. Shares in SIA closed 1 cent lower or 0.2% down at $5.03 on Oct … WebMay 27, 2024 · To: The Board of SIA Through: The Chief Executive Mr. Goh Choon Phong SIA announced its intention to issue an additional S$6.2 billion of mandatory convertible … WebMay 21, 2024 · The renounceable mandatory convertible bonds (Rights 2024 MCBs) will be offered on the basis of 209 Rights MCB for every 100 existing SIA shares at an issue price of S$1.00/Rights MCB, with an initial conversion price of S$4.84/share and zero coupon. great gonerby weather forecast