|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||7.40 - 7.49|
|52-week range||5.96 - 8.71|
|Beta (5Y monthly)||1.00|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||21 Jun 2021|
|1y target est||N/A|
(Bloomberg) -- Singapore Airlines Ltd. became the first carrier to tap the debt market for dollars in 2022, raising funds at a discount to peers thanks to its government backing.Most Read from BloombergCannabis Compounds Prevented Covid Infection in Laboratory StudyFrequent Boosters Spur Warning on Immune ResponseSay Goodbye to Self-Isolating, WFH Mandates, Mass TestingEurope Slowly Starts to Consider Treating Covid Like the FluJ&J Vaccine Gets Additional Warning on Bleeding Side EffectThe flag
The seven-year notes, its second U.S. dollar bond offering, have a coupon of 3.375%. The Singapore government last month froze the sale of tickets for arriving flights under its quarantine-free travel programme for four weeks, citing the risk from the fast-spreading Omicron COVID-19 variant.
Singapore Airlines (SIA) has thrown its weight behind efforts by Airbus to penetrate the booming air cargo market, signing a provisional deal to buy seven A350 freighters and become the first major airline operator of the plane. The backing from a blue-chip Asian carrier is a fillip for the European planemaker's efforts to break into a lucrative niche long dominated by its U.S. archrival Boeing. A letter of intent includes a quid pro quo, however, allowing the airline to swap part of the order for 15 A320neo jetliners and two A350-900 passenger versions that it had previously ordered from Airbus and remain to be delivered. Those 17 planes had a list value of $2.3 billion when Airbus last published prices in 2018, roughly the same price as the estimated value of the freighters.