Cash-rich Singapore Airlines to spend $2.7b redeeming convertible bonds

Cash-rich Singapore Airlines to spend $2.7b redeeming convertible bonds

Singapore Airlines planes sit on the tarmac at Changi Airport in Singapore November 16, 2021. REUTERS/Caroline Chia/Files

Singapore Airlines Ltd (SIA) said on Tuesday its strong cash position would allow it to spend S$3.86 billion ($2.71 billion) to redeem convertible bonds issued in 2020 that helped it weather the halt in travel during the pandemic.