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Jan 13, 2022 07:57 PM
BUSINESS

Singapore Air Raises Cash on the Cheap Thanks to Government Support

The wing of a Boeing Co. 737 Max 8 operated by Singapore Airlines Ltd. Photo: Bloomberg
The wing of a Boeing Co. 737 Max 8 operated by Singapore Airlines Ltd. Photo: Bloomberg

(Bloomberg) — Singapore Airlines Ltd. became the first carrier to tap the market for dollars in 2022, raising funds at a discount to peers thanks to its government backing.

The flag carrier sold $600 million worth of seven-year bonds at 3.375% and a price of 99.273, lower than the average yield at issuance of 4.375% for global airline bonds sold in 2021, according to Bloomberg-compiled data.

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