Singapore Airlines Zero Coupon Mandatory Convertible Bonds Fully Redeemed
Singapore Airlines said that the SG$6.20 billion worth zero coupon mandatory convertible bonds 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.