SIA to adjust conversion price of 1.625% convertible bonds in view of dividend
The revised amount of S$4.6761 takes into account the final dividend per share of S$0.30
[SINGAPORE] National carrier Singapore Airlines (SIA) will adjust the conversion price of its 1.625 per cent convertible bonds due 2025 to S$4.6761, from S$4.8945, the company said on Monday (Aug 11).
The adjustment takes into account the final dividend of S$0.30 per share that SIA announced on May 15, 2025, for the full year ended Mar 31. The adjusted conversion prices will take effect from Aug 12.
The company issued S$850 million of the 1.625 per cent convertible bonds – which can be converted into ordinary shares of SIA – in 2020 to strengthen its liquidity position amid the challenges posed by the Covid-19 pandemic.
Shares of SIA closed at S$6.51 on Monday, down 0.3 per cent or S$0.02.
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