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Why Is Singapore Airlines Borrowing in Yuan? The Answer Could Reshape How Airlines Raise Money - Commonwealth Union
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Why Is Singapore Airlines Borrowing in Yuan? The Answer Could Reshape How Airlines Raise Money - Commonwealth Union
Singapore Airlines plans to enter the offshore yuan bond market with a five-year bond as part of its strategy to expand its sources of financing beyond traditional borrowings in both dollars and Singapore dollars. As indicated in the mandate sheet from Reuters, Singapore Airlines has retained Bank of China, DBS, HSBC and Standard Chartered to facilitate this transaction through global investor calls starting later today with a possible conclusio…
Singapore Airlines is resorting to an unusual currency for its next bond. The issue could start already this week.
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