"The issuance further strengthens the company's liquidity position and provides SIA with the financial flexibility to capture medium to long term growth beyond the Covid-19 pandemic," it said.
Airlines are growing increasingly optimistic travel will resume later this year as a number of countries roll out vaccination campaigns to combat COVID-19.
Singapore Airlines is the first major airline in Asia to tap the global debt markets in 2021, following a rush of deals in the second half of 2020.
There have been 19 deals in that time worth $17.62 billion, the largest of which was a $6 billion issue from Delta Air Lines in September, according to Refinitiv data.
Global airlines are expected to refinance at least $14.9 billion worth of bonds set to mature in 2021, Dealogic data showed, while $23.1 billion in syndicated loans will become due this year.
Singapore Airlines has raised S$13.3 billion ($10.04 billion) in new liquidity in the current financial year which ends in March, it said in the statement.
(Reporting by Scott Murdoch in Hong Kong and Anshuman Daga in Singapore; Editing by Kim Coghill & Shri Navaratnam)
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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