$SINGAPORE AIRLINES-MCB RTS(ZJGR.SI)$I don understand , can tiger explain ?
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I'm still trying to find out how to exercise this option or reject and how much interest they're paying. So far, I can see from SGX posting that they are pricing it at SGD 4.84.
SIA is issuing a convertible bond. It's like they are borrowing money from you and pay you interest.
At the same time, you can convert the bonds into shares if SIA performs well in future.