Airlines
Singapore Airlines Arranges for Major Funding Injection
SIA Group expects to raise as much as S$15 billion in equity and debt funding.

Singapore Airlines (SIA) expects to raise as much as S$15 billion ($10.36 billion) through the sale of S$5.3 billion in new shares and up to a further S$9.7 billion through 10-year mandatory convertible bonds (MCBs), the company announced Thursday. SIA has also arranged a S$4 billion bridge loan facility with DBS Bank to support its near-term liquidity requirements as cash drain accelerates amid the Covid-19 crisis.