Singapore Airlines (SGX:C6L) said that the SG$6.20 billion worth zero coupon mandatory convertible bonds (MCBs) were fully redeemed by the company, according to a filing with the Singapore Exchange on Monday.
The remaining SG$1.55 billion of the gross proceeds of SG$6.20 billion raised from the issue of the rights has been applied towards the redemption of the rights MCBs.
Following the redemption, the rights MCBs will be cancelled.
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