mandatory convertible bonds (MCBs)

The total amount of around $3.4 billion will be paid to eligible bondholders on June 26.

The redemption will take place on Dec 8.

This was the airline’s second full-year loss since its FY2020 net loss of $212 million.

The airline called the FY2020/2021 its "toughest year in its history".

As at Aug 14, SIA had already burnt half of the $8.8 billion proceeds raised from rights shares and mandatory convertible bonds.

SINGAPORE (June 22): About a month ago, UOB KayHian (UOBKH) was one of few brokerages that were optimistic about Singapore Airlines’ prospects.

There were a mix of valid acceptances and excess applications, which amounted to a total of 119.5% of the 1.78 billion rights shares available under the rights issue.

Since its inception in 1972, Singapore Airlines (SIA) has weathered through all kinds of downturns that had im­pacted air travel. This included the Sept 11 terrorist attacks in 2001, the SARS epidemic in 2003 and the global finan­cia