Singapore Airlines readies first US dollar bond, term sheet shows

HONG KONG/SINGAPORE (Reuters) – A term sheet for Singapore Airlines’ first U.S. dollar bond has been circulated by bookrunners for the potential issue, and calls were being held with prospective investors on Monday, according to the document seen by Reuters.

The size of the deal will be determined on Tuesday following the briefings with investors in Asia and Europe, two sources with direct knowledge of the matter said.

The term sheet showed the airline had appointed Citigroup as sole global coordinator, along with BofA Securities and HSBC as joint bookrunners for the issue.

Singapore Airlines has in the past carried out debt deals in Singaporean dollars rather than US dollars.