Singapore Airlines launches leveraged sovereign play

Asian airline giant will make its debut in the local debt capital market today (Friday) with a deal that will price above 100bp over swaps.

Singapore Airlines (SIA) is to tap the debt capital markets for the first time with an S$800 million ($440.4 million) fixed-rate offering. HSBC and OCBC have been mandated as joint lead managers for the deal, which is likely to launch today.

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