Singapore, Feb 1, 2026, 15:25 SGT — The market has closed.
- Shares of Singapore Airlines last showed S$6.35, down slightly from a close at S$6.36.
- The carrier wrapped up a S$500 million note sale at 2.70%, maturing in 2036, with funds set aside for aircraft purchases and refinancing.
- Eyes will be on Feb. 2, the date the notes are set to debut on the Singapore Exchange.
Shares of Singapore Airlines Ltd closed the week mostly flat following the carrier’s S$500 million bond sale. Investors now await fresh triggers when trading picks up again on Monday. Source: Investing (Investing)
Late Friday, the airline announced it had issued S$500 million of 2.70% notes due 2036 under its S$10 billion multicurrency medium-term note programme. This framework allows the company to raise capital in multiple tranches. Source: Sgx (SGX Links)
Why it matters now: airlines lock in aircraft payments years ahead, so shifts in funding costs hit fast when rates change. A fresh long-dated bond, even a simple one, offers a snapshot of how easily a carrier can tap the market for cash.
Singapore Airlines said the funds raised will be used for aircraft purchases and related payments, as well as for general corporate or working capital requirements, including refinancing existing debt. Source: Sgx (SGX Links)
The notes, issued at par, came in S$250,000 denominations. They have a fixed coupon of 2.70%, with interest paid semiannually, according to the filing.
According to the filing, DBS Bank, OCBC, and United Overseas Bank served as joint global coordinators for the deal. Standard Chartered Bank (Singapore) was listed among the joint lead managers.
Traders didn’t rush to buy the stock after the announcement. Instead, the share price has responded mainly to typical airline factors like ticket yields, load factors, and fuel costs, rather than isolated funding developments.
That said, added debt carries risks. If demand weakens or costs climb, interest payments tighten margins, and investors may swiftly lose patience with carriers carrying large capital burdens.
Investors are set to focus on the bond listing at 9 a.m. on Feb. 2, looking closely for momentum. They’ll also be keen to see if the company taps the markets again for additional funding under the programme.
Singapore Airlines has its third-quarter business update slated for Feb. 24, according to its own financial calendar. Source: Singaporeair (Singaporeair)
