ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Transportation

Singapore Airlines to raise $10.5bn in Temasek-backed rights issue

Offering to fund capital and operational expenses during pandemic

An Airbus A380-800 aircraft of Singapore Airlines takes off from Zurich airport in October 2019.   © Reuters

SINGAPORE (Reuters) -- Singapore Airlines, or SIA, is tapping existing investors for up to 15 billion Singapore dollars ($10.48 billion) through the sale of shares and convertible bonds to offset the shock to its business from the coronavirus outbreak.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more